Media stories about Comerica (NYSE:CMA) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comerica earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.8925908510351 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Comerica Incorporated (CMA) Expected to Post Earnings of $1.45 Per Share (americanbankingnews.com)
- Comerica (CMA) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Comerica Incorporated (CMA) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Comerica Incorporated (CMA) Ex-Dividend Date Scheduled for March 14, 2018 – Nasdaq (nasdaq.com)
- Comerica (CMA) PT Raised to $104.00 at Bank of America (americanbankingnews.com)
CMA stock traded up $0.89 during trading on Friday, reaching $98.94. The company’s stock had a trading volume of 2,713,805 shares, compared to its average volume of 1,323,811. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.00. Comerica has a fifty-two week low of $64.04 and a fifty-two week high of $102.66. The company has a market cap of $17,098.12, a PE ratio of 23.96, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39.
Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Comerica had a return on equity of 10.94% and a net margin of 22.47%. The firm had revenue of $830.00 million for the quarter, compared to analysts’ expectations of $819.30 million. During the same period in the previous year, the firm posted $0.92 EPS. equities analysts forecast that Comerica will post 6.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.21%. Comerica’s dividend payout ratio is currently 29.06%.
CMA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $101.00 price target on shares of Comerica in a report on Friday, December 22nd. BMO Capital Markets upgraded Comerica from a “market perform” rating to an “outperform” rating and set a $111.00 price target on the stock in a report on Friday, February 9th. Zacks Investment Research downgraded Comerica from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. SunTrust Banks restated a “hold” rating and set a $83.00 price target on shares of Comerica in a report on Wednesday, November 29th. Finally, Barclays boosted their price target on Comerica from $76.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Comerica currently has a consensus rating of “Hold” and a consensus target price of $93.27.
In other news, President Curtis C. Farmer sold 18,870 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $96.08, for a total value of $1,813,029.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Megan D. Burkhart sold 4,670 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $99.20, for a total value of $463,264.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 272,006 shares of company stock worth $26,250,992. Insiders own 1.10% of the company’s stock.
Comerica Company Profile
Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.
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