News headlines about Comerica (NYSE:CMA) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comerica earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.1279911368932 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Comerica Bank’s Texas Index Climbs (finance.yahoo.com)
- Comerica Bank’s Michigan Index Improves (finance.yahoo.com)
- Comerica Bank’s California Index Ticks Up (finance.yahoo.com)
- Comerica (CMA) Announces $15 Minimum Wage and $1,000 Bonuses Amid Tax Reform (streetinsider.com)
- BRIEF-Comerica Increases Minimum Wage To $15/Hour To 4,500 Non-Officer Colleagues (CMA) (markets.businessinsider.com)
Shares of Comerica (NYSE CMA) traded up $0.97 during mid-day trading on Thursday, hitting $87.51. The company had a trading volume of 1,341,782 shares, compared to its average volume of 1,210,567. 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 has a twelve month low of $64.04 and a twelve month high of $88.49. The company has a market cap of $15,220.00, a P/E ratio of 19.84, a P/E/G ratio of 1.77 and a beta of 1.50.
Comerica (NYSE:CMA) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.03. Comerica had a return on equity of 10.35% and a net margin of 24.87%. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $812.83 million. During the same period in the prior year, the company earned $0.84 EPS. analysts anticipate that Comerica will post 4.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.37%. Comerica’s dividend payout ratio is currently 27.21%.
A number of research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $101.00 price objective on shares of Comerica in a report on Friday, December 22nd. Barclays upped their target price on Comerica from $76.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $91.00 target price on shares of Comerica in a research report on Wednesday, December 20th. Wells Fargo & Co set a $88.00 target price on Comerica and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded Comerica from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $85.05.
In other news, insider Michael T. Ritchie sold 4,596 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christine M. Moore sold 3,200 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $75.07, for a total value of $240,224.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
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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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