Media stories about Comerica (NYSE:CMA) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Comerica earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.7811290495021 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
A number of brokerages recently weighed in on CMA. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price target on shares of Comerica in a research report on Wednesday, March 7th. ValuEngine raised shares of Comerica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut shares of Comerica from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Bank of America upped their price target on shares of Comerica from $97.00 to $104.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 13th. Finally, UBS began coverage on shares of Comerica in a research report on Wednesday, March 21st. They set a “buy” rating and a $114.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $97.06.
Comerica traded down $0.01, reaching $97.90, on Friday, Marketbeat reports. The stock had a trading volume of 1,097,600 shares, compared to its average volume of 1,533,157. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.02 and a quick ratio of 1.02. Comerica has a 12-month low of $64.04 and a 12-month high of $102.66. The stock has a market cap of $16.73 billion, a P/E ratio of 20.70, a PEG ratio of 1.03 and a beta of 1.39.
Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, April 17th. The financial services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.02). Comerica had a return on equity of 12.05% and a net margin of 24.37%. The company had revenue of $793.00 million for the quarter, compared to the consensus estimate of $811.59 million. During the same period in the previous year, the business posted $1.11 EPS. equities analysts expect that Comerica will post 6.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be given a dividend of $0.34 per share. This is a boost from Comerica’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.36 annualized dividend and a dividend yield of 1.39%. Comerica’s dividend payout ratio (DPR) is presently 25.37%.
In other news, CFO Muneera S. Carr sold 2,321 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $99.34, for a total transaction of $230,568.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ralph W. Babb, Jr. sold 50,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $99.30, for a total transaction of $4,965,000.00. The disclosure for this sale can be found here. Insiders have sold 60,991 shares of company stock worth $6,056,632 in the last ninety days. Corporate insiders own 0.83% of the company’s stock.
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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