Comerica (CMA) Receiving Somewhat Favorable News Coverage, Report Finds

Press coverage about Comerica (NYSE:CMA) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative 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 nearest to one being the most favorable. Comerica earned a news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.6510945537359 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Shares of CMA opened at $97.00 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $16,716.23, a P/E ratio of 20.71, a PEG ratio of 1.45 and a beta of 1.38. Comerica has a 12-month low of $64.04 and a 12-month high of $102.66.

Comerica (NYSE:CMA) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.03. The company had revenue of $830.00 million during the quarter, compared to analyst estimates of $819.30 million. Comerica had a net margin of 22.47% and a return on equity of 10.94%. During the same quarter last year, the firm posted $0.92 earnings per share. equities research analysts anticipate that Comerica will post 6.65 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were issued a $0.30 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.24%. Comerica’s dividend payout ratio (DPR) is 25.37%.

CMA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $101.00 price objective on shares of Comerica in a research report on Friday, December 22nd. Vining Sparks reaffirmed a “buy” rating and set a $97.50 target price on shares of Comerica in a research note on Tuesday, January 16th. Royal Bank of Canada reissued a “buy” rating and issued a $103.00 price objective on shares of Comerica in a research note on Wednesday, January 17th. BMO Capital Markets upgraded shares of Comerica from a “market perform” rating to an “outperform” rating and set a $111.00 target price for the company in a report on Friday, February 9th. Finally, Nomura raised their target price on shares of Comerica to $117.00 and gave the stock a “buy” rating in a report on Monday, March 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $95.62.

In other news, CEO Ralph W. Babb, Jr. sold 65,300 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $97.61, for a total transaction of $6,373,933.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Curtis C. Farmer sold 18,870 shares of Comerica stock in a transaction on Monday, January 29th. The shares were sold at an average price of $96.08, for a total transaction of $1,813,029.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 272,006 shares of company stock worth $26,250,992. 0.83% of the stock is owned by corporate insiders.

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About Comerica

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.

Insider Buying and Selling by Quarter for Comerica (NYSE:CMA)

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