News articles about Comerica (NYSE:CMA) have been trending positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Comerica earned a news sentiment score of 2.75 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have effected Comerica’s ranking:
- What’s Unfolding For Shares of Martin Marietta Materials, Inc. (NYSE:MLM), Comerica Incorporated (NYSE:CMA)? – Wagner Review (wagnerbusinessreview.com)
- Business Grant Hatch Detroit Is Even Bigger This Year – Detroit, MI Patch (patch.com)
- Why Comerica (CMA) is a Top Dividend Stock for Your Portfolio – Yahoo Finance (finance.yahoo.com)
- Jupiter all set to host the Florida State League All-Star Game – WPEC (cbs12.com)
- Drilling into the Technicals & Valuation For Comerica Incorporated (NYSE:CMA), CoStar Group, Inc. (NasdaqGS:CSGP) – Wagner Review (wagnerbusinessreview.com)
CMA stock opened at $70.21 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Comerica has a twelve month low of $63.69 and a twelve month high of $100.64. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.22 and a beta of 1.47.
Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.15. Comerica had a net margin of 34.75% and a return on equity of 16.95%. The business had revenue of $852.00 million for the quarter, compared to analysts’ expectations of $852.88 million. During the same quarter in the previous year, the business posted $1.59 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Comerica will post 8.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, June 13th. Comerica’s payout ratio is presently 37.02%.
A number of equities research analysts recently issued reports on the stock. B. Riley decreased their price target on shares of Comerica from $87.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 26th. JPMorgan Chase & Co. downgraded shares of Comerica from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $89.00 to $79.00 in a research note on Thursday, April 4th. ValuEngine raised shares of Comerica from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. DA Davidson decreased their price target on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group downgraded shares of Comerica from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Comerica currently has an average rating of “Hold” and a consensus price target of $90.81.
In other news, EVP Christine M. Moore sold 3,200 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.49, for a total value of $235,168.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock.
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Comerica Company Profile
Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 middle market businesses, multinational corporations, and governmental entities.
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