Analysts Have Mixed Ratings On Comerica Incorporated (NYSE:CMA), Mr. Cooper Group Inc. (NASDAQ:COOP)

The shares of Comerica Incorporated (NYSE:CMA) has been pegged with a rating of Neutral by Citigroup in its latest research note that was published on January 22, 2020. The Financial company has also assigned a $70 price target. Citigroup wasn’t the only research firm that published a report of Comerica Incorporated, with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on January 06, 2020, to Underweight the CMA stock while also putting a $71 price target. The stock had earned Equal-Weight rating from Morgan Stanley Markets when it published its report on November 26, 2019. That day the Morgan Stanley set price target on the stock to $75. Piper Jaffray was of a view that CMA is Neutral in its latest report on October 17, 2019. JP Morgan thinks that CMA is worth Underweight rating. This was contained in the firm’s report on October 17, 2019 in which the stock’s price target was also moved to 65.

Amongst the analysts that rated the stock, 4 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $53.90. The price of the stock the last time has raised by 36.20% from its 52-Week high price while it is -58.98% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.66.

The shares of the company added by 8.43% during the trading session on Wednesday, reaching a low of $29.1286 while ending the day at $33.07. During the trading session, a total of 3.21 million shares were traded which represents a -35.44% decline from the average session volume which is 2.37 million shares. CMA had ended its last session trading at $30.50. Comerica Incorporated currently has a market cap of $4.76 billion, while its P/E ratio stands at 4.21, while its P/E earnings growth sits at 1.17, with a beta of 1.86. CMA 52-week low price stands at $24.28 while its 52-week high price is $80.62.

The company in its last quarterly report recorded $1.85 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $1.93 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -12.43%. Comerica Incorporated has the potential to record 5.78 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Piper Sandler published a research note on March 18, 2020 where it informed investors and clients that Mr. Cooper Group Inc. (NASDAQ:COOP) is now rated as Overweight. Their price target on the stock stands at $12. Piper Jaffray also rated COOP as Downgrade on March 20, 2019, with its price target of $9 suggesting that COOP could surge by 56.56% from its current share price. Even though the stock has been trading at $6.10/share, analysts expect it to surge by 13.93% to reach $16.00/share. It started the day trading at $7.34 and traded between $6.10 and $6.95 throughout the trading session.

A look at its technical shows that COOP’s 50-day SMA is 11.74 while its 200-day SMA stands at 10.77. The stock has a high of $14.68 for the year while the low is $5.25. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 3.73 M shorted shares, the short percentage went higher by 1.95%, as 3.80M CMA shares were shorted. At the moment, only 5.03% of Mr. Cooper Group Inc. shares were sold short. The company’s P/E ratio currently sits at 2.55, while the P/B ratio is 0.28. The company’s average trading volume currently stands at 620.51K shares, which means that the short-interest ratio is just 6.00 days. Over the past seven days, the company moved, with its shift of 19.62%. Looking further, the stock has dropped -44.18% over the past 90 days while it lost -37.05% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Diamond Hill Capital Management, … sold more COOP shares, decreasing its portfolio by -21.16% during the last quarter. This move now sees The Diamond Hill Capital Management, … selling -1,798,740 shares in the last quarter, thus it now holds 6,703,274 shares of COOP, with a total valuation of $86,003,005. BlackRock Fund Advisors meanwhile bought more COOP shares in the recently filed quarter, changing its stake to $63,294,252 worth of shares.

Similarly, The Vanguard Group, Inc. increased its Mr. Cooper Group Inc. shares by 4.28% during the recently filed quarter. After buying 4,615,566 shares in the last quarter, the firm now controls 189,465 shares of Mr. Cooper Group Inc. which are valued at $59,217,712. In the same vein, Greywolf Capital Management LP increased its Mr. Cooper Group Inc. shares by during the most recent reported quarter. The firm sold 1,404,125 shares during the quarter which increased its stakes to 3,947,524 shares and is now valued at $50,646,733. Following these latest developments, around 3.50% of Mr. Cooper Group Inc. stocks are owned by institutional investors and hedge funds.