Somewhat Positive Media Coverage Somewhat Unlikely to Impact Comerica (CMA) Share Price
Press coverage about Comerica (NYSE:CMA) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. 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 news impact score of 0.01 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 43.2232210320651 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Macquarie Upgrades Comerica Incorporated (CMA) to “Outperform” (americanbankingnews.com)
- Comerica Incorporated (CMA) Insider Michael T. Ritchie Sells 4,596 Shares (americanbankingnews.com)
- Christine M. Moore Sells 3,200 Shares of Comerica Incorporated (CMA) Stock (americanbankingnews.com)
- Comerica Incorporated (CMA) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Shares of Comerica (NYSE:CMA) traded up $0.67 on Tuesday, reaching $79.80. 1,222,800 shares of the company traded hands, compared to its average volume of 1,701,571. Comerica has a 12 month low of $60.63 and a 12 month high of $80.25. The company has a market capitalization of $13,810.00, a PE ratio of 17.86, a PEG ratio of 1.81 and a beta of 1.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00.
Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $812.83 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. analysts anticipate that Comerica will post 4.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, December 14th. Comerica’s dividend payout ratio (DPR) is 27.21%.
Comerica declared that its board has authorized a share buyback plan on Tuesday, July 25th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
A number of analysts have recently commented on CMA shares. Zacks Investment Research lowered shares of Comerica from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Nomura lifted their price target on shares of Comerica from $74.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Citigroup Inc. reiterated a “sell” rating and issued a $69.00 price target (up from $65.00) on shares of Comerica in a research note on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and issued a $70.00 price target on shares of Comerica in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $82.00 price target on shares of Comerica in a research note on Friday, September 8th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.57.
ILLEGAL ACTIVITY WARNING: This piece was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/21/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-comerica-cma-share-price.html.
In other news, insider Peter William Guilfoile sold 2,928 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $69.50, for a total transaction of $203,496.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul R. Obermeyer sold 20,321 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $70.24, for a total transaction of $1,427,347.04. The disclosure for this sale can be found here. Insiders have sold 31,045 shares of company stock worth $2,216,135 in the last quarter. Company insiders own 1.10% of the company’s stock.
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.
Receive News & Ratings for Comerica Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.