Somewhat Positive Press Coverage Somewhat Unlikely to Impact Comerica (CMA) Share Price
Press coverage about Comerica (NYSE:CMA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 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 sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6766877809075 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Surprising Stocks: Enterprise Products Partners LP, (NYSE: EPD), Comerica Incorporated, (NYSE: CMA), Herbalife Ltd … – Stocks In The News (press release) (tradingnewsnow.com)
- Comerica Muneera Carr To Succeed David Duprey As CFO (rttnews.com)
- Comerica’s CFO Leaving After Less Than Two Years (wsj.com)
- Muneera S. Carr to be Named Chief Financial Officer of Comerica (finance.yahoo.com)
- [$$] Comerica Names Accounting Chief As New CFO (finance.yahoo.com)
CMA has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $81.00 target price on shares of Comerica in a research report on Friday, July 14th. Stephens reiterated a “buy” rating and issued a $80.00 target price on shares of Comerica in a research report on Tuesday, July 18th. FBR & Co set a $79.00 target price on shares of Comerica and gave the company a “buy” rating in a research report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and issued a $79.00 target price on shares of Comerica in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Comerica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. Comerica presently has an average rating of “Hold” and an average target price of $78.00.
Comerica (NYSE CMA) opened at $75.28 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. Comerica has a 12 month low of $54.96 and a 12 month high of $80.25. The company has a market cap of $13,241.89, a P/E ratio of 17.19, a PEG ratio of 1.74 and a beta of 1.50.
Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $812.83 million. During the same quarter last year, the firm posted $0.84 earnings per share. sell-side analysts expect that Comerica will post 4.86 EPS for the current year.
Comerica declared that its board has approved a stock buyback plan on Tuesday, July 25th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 14th. Comerica’s payout ratio is 27.15%.
In other news, insider Paul R. Obermeyer sold 20,321 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $70.24, for a total value of $1,427,347.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Judith S. Love sold 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $69.74, for a total transaction of $1,464,540.00. The disclosure for this sale can be found here. In the last three months, insiders sold 44,249 shares of company stock valued at $3,095,383. Insiders own 1.10% of the company’s stock.
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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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