Summary:
- Comerica (CMA, Financial) reports stronger-than-expected Q1 GAAP EPS, yet revenue misses forecasts.
- Analyst consensus indicates a "Hold" status with an average price target significantly above current levels.
- GuruFocus' GF Value implies potential upside, suggesting the stock may be undervalued.
Comerica Inc. (CMA) recently released its earnings for the first quarter, posting a GAAP EPS of $1.25, which exceeded analyst expectations by $0.08. Despite this earnings beat, the company's revenue of $829 million came in $8.27 million short of forecasts, though it marked a 5.7% year-over-year increase.
Wall Street Analysts Forecast
Analysts have given a range of one-year price targets for Comerica Inc (CMA, Financial), with an average target price set at $66.70. The most optimistic forecast is $80.00, while the most conservative is $55.00. At the current trading price of $52.95, the average price target represents a potential upside of 25.97%. For more in-depth analysis, visit the Comerica Inc (CMA) Forecast page.
Brokerage Recommendations
Looking at the consensus from 22 brokerage firms, Comerica's stock currently holds an average recommendation of 2.9, signifying a "Hold" status. This recommendation level falls on a scale from 1 to 5, with 1 being a "Strong Buy" and 5 representing a "Sell."
GuruFocus Valuation Insights
According to GuruFocus estimates, the GF Value for Comerica Inc (CMA, Financial) is projected to be $60.06 in one year. This suggests a potential price appreciation of 13.43% from the present price of $52.95. The GF Value is GuruFocus’ proprietary calculation of a stock’s fair market value, determined by analyzing historical multiples along with the company's past growth and future performance estimates. For a more detailed analysis, visit the Comerica Inc (CMA) Summary page.
