Comerica (NYSE:CMA) Getting Somewhat Positive Press Coverage, Accern Reports
News articles about Comerica (NYSE:CMA) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Comerica earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.615657756627 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Comerica Incorporated (CMA) Shares Bought by Advisor Partners LLC (campdesrecrues.com)
- Comerica Incorporated (NYSE:CMA) Stake Held by Meeder Asset Management Inc (lazeresportes.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Comerica Inc is a negative sign for its shares (finance.yahoo.com)
- Comerica, Inc. breached its 50 day moving average in a Bearish Manner : CMA-US : August 10, 2017 (finance.yahoo.com)
- Comerica Incorporated (CMA) Investment Up in Latest Report from Jpmorgan Chase & Co – Highlight Press (highlightpress.com)
Comerica (NYSE CMA) traded down 2.29% on Thursday, hitting $70.81. 1,812,896 shares of the stock traded hands. The stock has a market capitalization of $12.46 billion, a P/E ratio of 17.68 and a beta of 1.47. The company’s 50 day moving average price is $73.09 and its 200-day moving average price is $70.80. Comerica has a 12-month low of $44.55 and a 12-month high of $75.72.
Comerica (NYSE:CMA) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.07. The company had revenue of $776 million during the quarter, compared to analysts’ expectations of $777.08 million. Comerica had a return on equity of 9.60% and a net margin of 23.22%. Comerica’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. Analysts predict that Comerica will post $4.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Comerica’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Comerica’s dividend payout ratio is 26.00%.
Comerica announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $605.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
CMA has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods set a $73.00 price target on shares of Comerica and gave the stock a “buy” rating in a research report on Tuesday, April 18th. FBR & Co restated a “market perform” rating and set a $74.00 price target on shares of Comerica in a research report on Wednesday, April 19th. Deutsche Bank AG boosted their price target on shares of Comerica to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Comerica from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research report on Friday, April 21st. Finally, Barclays PLC restated an “underweight” rating and set a $72.00 price target (up from $69.00) on shares of Comerica in a research report on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Comerica currently has a consensus rating of “Hold” and an average target price of $71.71.
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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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