Comerica (CMA) Receives Daily News Impact Rating of 0.13
News articles about Comerica (NYSE:CMA) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comerica earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.3559396479936 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Chefs Plate announces close of $10M in new funding and celebrates the delivery of 450K meals per month nationally (finance.yahoo.com)
- Comerica (CMA) Receives Hold Rating from SunTrust Banks (americanbankingnews.com)
- Comerica To Present at the Goldman Sachs U.S. Financial Services Conference 2017 (finance.yahoo.com)
- ETFs with exposure to Comerica, Inc. : November 27, 2017 (finance.yahoo.com)
- Comerica Sees Unusually Large Options Volume (CMA) (americanbankingnews.com)
Comerica (CMA) traded up $2.66 during trading on Wednesday, hitting $83.49. The company had a trading volume of 3,202,100 shares, compared to its average volume of 1,694,070. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.00. Comerica has a 12-month low of $61.51 and a 12-month high of $84.83. The stock has a market capitalization of $13,681.89, a P/E ratio of 17.76, a PEG ratio of 1.80 and a beta of 1.50.
Comerica (NYSE:CMA) last posted its quarterly earnings results 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 return on equity of 10.35% and a net margin of 24.87%. The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $812.83 million. During the same period in the previous year, the business earned $0.84 earnings per share. research analysts expect that Comerica will post 4.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.44%. Comerica’s dividend payout ratio (DPR) is presently 27.15%.
CMA has been the topic of several research analyst reports. BidaskClub lowered Comerica from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised Comerica from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Thursday, August 3rd. Wells Fargo & Company initiated coverage on Comerica in a research report on Wednesday, August 9th. They set a “market perform” rating and a $73.00 price target on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of Comerica in a research report on Friday, August 25th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $76.00 price target on shares of Comerica in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $78.71.
In other Comerica news, EVP Christine M. Moore sold 3,200 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $75.07, for a total transaction of $240,224.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael T. Ritchie sold 4,596 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Comerica Company Profile
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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