Comerica logged a 2.8% change during today's morning session, and is now trading at a price of $43.24 per share.
Comerica returned losses of -43.8% last year, with its stock price reaching a high of $87.02 and a low of $28.4. Over the same period, the stock underperformed the S&P 500 index by -58.0%. As of April 2023, the company's 50-day average price was $40.1. Comerica Incorporated, through its subsidiaries, provides various financial products and services. Based in Dallas, TX, the large-cap Finance company has 7,586 full time employees. Comerica has offered a 6.5% dividend yield over the last 12 months.
EPS Trend Sustained Primarily by Reducing the Number of Shares Outstanding:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $3,343 | $2,912 | $2,967 | $3,534 |
| Interest Income (MM) | $2,339 | $1,911 | $1,844 | $2,466 |
| Net Margins | 35.84% | 16.28% | 39.37% | 32.57% |
| Net Income (MM) | $1,198 | $474 | $1,168 | $1,151 |
| Depreciation & Amort. (MM) | -$114 | -$108 | -$99 | -$92 |
| Earnings Per Share | $7.9 | $3.43 | $8.35 | $9.49 |
| EPS Growth | n/a | -56.58% | 143.44% | 13.65% |
| Diluted Shares (MM) | 151 | 140 | 137 | 132 |
| Free Cash Flow (MM) | $1,004 | $849 | $564 | $556 |
| Capital Expenditures (MM) | -$86 | -$79 | -$70 | -$82 |
| Long Term Debt (MM) | $7,269 | $5,728 | $2,796 | $3,024 |
| Net Debt / EBITDA | 0.38 | -3.85 | -5.54 | -0.01 |
Comerica Is Potentially Undervalued and Trades Below Its Graham Number:
Comerica has a trailing twelve month P/E ratio of 4.2, compared to an average of 14.34 for the Finance sector. Based on its EPS guidance of $7.68, the company has a forward P/E ratio of 5.2. The -0.6% compound average growth rate of Comerica's historical and projected earnings per share yields a PEG ratio of -7.5. This indicates that its shares are overvalued.In contrast, the market is likely undervaluing Comerica in terms of its equity because its P/B ratio is 1.02 while the sector average is 1.57. The company's shares are currently trading -48.3% below their Graham number.
Analysts Give Comerica an Average Rating of Buy:
The 20 analysts following Comerica have set target prices ranging from $42.0 to $80.0 per share, for an average of $56.01 with a buy rating. As of April 2023, the company is trading -28.4% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
Comerica has an average amount of shares sold short because 7.6% of the company's shares are sold short. Institutions own 84.9% of the company's shares, and the insider ownership rate stands at 0.55%, suggesting a small amount of insider investors. The largest shareholder is the Vanguard Group, Inc., whose 13% stake in the company is worth $742,053,213.
