Comerica (CMA) Given Media Sentiment Score of 0.17

Media coverage about Comerica (NYSE:CMA) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Comerica earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.9994903293838 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

Several analysts have recently commented on CMA shares. Zacks Investment Research cut Comerica from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Nomura increased their target price on Comerica from $74.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Citigroup restated a “sell” rating and set a $69.00 target price (up previously from $65.00) on shares of Comerica in a report on Monday, October 9th. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of Comerica in a research note on Friday, August 25th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $80.00 price target (up previously from $78.00) on shares of Comerica in a research note on Saturday, September 16th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.38.

Comerica (CMA) traded down $0.73 during trading hours on Monday, hitting $84.67. The company had a trading volume of 1,257,950 shares, compared to its average volume of 1,700,329. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $14,852.34, a P/E ratio of 19.28, a PEG ratio of 1.96 and a beta of 1.51. Comerica has a fifty-two week low of $64.04 and a fifty-two week high of $86.78.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.03. The business had revenue of $821.00 million during the quarter, compared to the consensus estimate of $812.83 million. Comerica had a return on equity of 10.35% and a net margin of 24.87%. During the same period last year, the company earned $0.84 earnings per share. research analysts anticipate that Comerica will post 4.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. Comerica’s dividend payout ratio is 27.15%.

In other news, insider Michael T. Ritchie sold 4,596 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.08, for a total value of $345,067.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christine M. Moore sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $75.07, for a total value of $240,224.00. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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About Comerica

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.

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

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