Comerica Inc (NYSE:CMA) Launched Corporate Report

[PRNewswire] Comerica Inc (NYSE:CMA)(TREND ANALYSIS) announced the publishing of its latest corporate sustainability report at www.comerica.com/sustainability.  The 2014 Comerica Sustainability Report represents the banking company’s most current broad-based report on the economic, environmental, social, and governance impacts and opportunities associated with its business.

“I’m very pleased with our progress at Comerica to support sustainable business practices,” said Scott Beckerman, Senior Vice President and Director of Corporate Sustainability at Comerica, Inc. “In 2014, we completed a comprehensive sustainability impact assessment in conjunction with our internal and external stakeholders.  That assessment helped focus our reporting on the most impactful sustainability issues – allowing us to report on what matters most to our stakeholders.”

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Comerica Inc (NYSE:CMA) stock is currently trading 12.09% below its 52-week-high, 17.21% above its 52-week-low. The 1-year stock price history is in the range of $40.09 – $53.45. Comerica Inc (CMA) has a price to earnings ratio of 15.25 versus Financial sector average of 18.01. CMA stock price has underperformed the S&P 500 by 1.2%. The Financial Services company is currently valued at $8.38 billion and its share price closed the last trading session at $46.99. The stock has a 50-day moving average of $49.9 and a 200-day moving average of $47.31.

Comerica Inc (CMA) current short interest stands at 5.57 million shares. It has increased by 1% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.76 million shares, the number of days required to cover the short positions stand at 3.2 days.

CMA reported last quarter earnings on July 17. The Financial Services company announced earnings per share of $0.73 against a consensus Street estimate of $0.74, missing estimate by $0.01. This corresponds to an increase of $0.02 compared to the same quarter of the previous fiscal year.

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There are currently thirty-two analysts that cover Comerica Inc stock. Of those thirty-two, five have a Buy rating, twenty-four have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $50.57.

A recent analyst activity consisted of Jefferies reiterating their Hold stance on July 20. Jefferies set their price target at $52. This corresponds to a 10.66% upside from the last closing price. On the date of report, the stock closed at $48.12.

Citigroup reiterated their Neutral stance on June 29, and increased their price target on CMA stock from $48 to $52. This corresponds to a 10.66% upside from the last closing price. On the date of report, the stock closed at $51.18.

Another research firm was Wunderlich who reiterated their Buy stance on June 26. Wunderlich increased their price target on Comerica Inc from $55 to $60. This translates to a 27.69% upside from the last closing price. On the date of report, the stock closed at $52.63.

Company profile

Comerica Incorporated is the holding company for business, individual, and investment banks with operations in the United States, Canada, and Mexico. The Company’s subsidiaries provide services such as corporate banking, international finance, treasury management, community banking, private banking, small business and individual lending, investment services, and institutional trust.

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