Headlines about Comerica (NYSE:CMA) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Comerica earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.6979839050082 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
A number of analysts have weighed in on CMA shares. FBR & Co restated a “buy” rating and issued a $84.00 target price (up previously from $79.00) on shares of Comerica in a research report on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Comerica in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $79.00 price target on shares of Comerica in a research note on Friday, September 22nd. Jefferies Group reaffirmed a “buy” rating and set a $81.00 price target on shares of Comerica in a research note on Friday, September 15th. Finally, B. Riley reaffirmed a “buy” rating and set a $84.00 price target on shares of Comerica in a research note on Monday, December 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Comerica presently has an average rating of “Hold” and an average price target of $87.07.
Comerica (NYSE:CMA) opened at $91.31 on Thursday. Comerica has a twelve month low of $64.04 and a twelve month high of $92.42. The firm has a market cap of $15,720.00, a PE ratio of 20.71, a P/E/G ratio of 1.81 and a beta of 1.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.
Comerica (NYSE:CMA) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.23 by $0.03. Comerica had a net margin of 24.87% and a return on equity of 10.35%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $812.83 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. analysts predict that Comerica will post 4.85 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, December 14th. Comerica’s dividend payout ratio (DPR) is presently 27.21%.
In other Comerica news, insider Michael T. Ritchie sold 4,596 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $75.08, for a total value of $345,067.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christine M. Moore sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.07, for a total transaction of $240,224.00. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
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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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