News coverage about Comerica (NYSE:CMA) has trended somewhat positive on Monday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Comerica earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.1945458786681 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
NYSE:CMA traded up $0.52 during trading hours on Monday, reaching $96.01. The company had a trading volume of 952,354 shares, compared to its average volume of 1,582,641. Comerica has a one year low of $64.04 and a one year high of $102.66. The stock has a market capitalization of $16,501.94, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.02 and a quick ratio of 1.00.
Comerica (NYSE:CMA) last announced its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). Comerica had a net margin of 24.37% and a return on equity of 12.05%. The company had revenue of $793.00 million during the quarter, compared to the consensus estimate of $811.59 million. During the same quarter last year, the company earned $1.11 earnings per share. research analysts expect that Comerica will post 6.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 14th. Comerica’s dividend payout ratio (DPR) is 25.37%.
A number of brokerages have recently commented on CMA. ValuEngine lowered Comerica from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. DA Davidson reiterated a “hold” rating and set a $100.00 price target on shares of Comerica in a report on Wednesday, January 17th. Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, April 3rd. Susquehanna Bancshares set a $99.00 price target on Comerica and gave the stock a “hold” rating in a report on Tuesday, April 10th. Finally, SunTrust Banks reiterated a “hold” rating and set a $86.00 price target on shares of Comerica in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.06.
In other Comerica news, insider Peter William Guilfoile sold 1,052 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $97.00, for a total value of $102,044.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Curtis C. Farmer sold 18,870 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $96.08, for a total value of $1,813,029.60. The disclosure for this sale can be found here. Insiders sold 210,506 shares of company stock worth $20,468,762 over the last quarter. Company insiders own 0.83% of the company’s stock.
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Comerica Company Profile
Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
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