News headlines about Comerica (NYSE:CMA) have trended negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Comerica earned a news impact score of -2.29 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Comerica’s ranking:
- Comerica Incorporated (CMA) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Comerica Bank’s Michigan Unchanged (finance.yahoo.com)
- Comerica Bank’s California Index Inches Up (finance.yahoo.com)
- Comerica To Present at the Goldman Sachs U.S. Financial Services Conference 2018 (prnewswire.com)
- Comerica Incorporated (CMA) stock price is valued at $78.37 – News Leading (newsleading.info)
Several equities research analysts have recently weighed in on CMA shares. B. Riley set a $107.00 target price on shares of Comerica and gave the company a “buy” rating in a research note on Monday, October 15th. Morgan Stanley reduced their target price on shares of Comerica from $111.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 18th. BMO Capital Markets reduced their target price on shares of Comerica from $108.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th. Zacks Investment Research downgraded shares of Comerica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Nomura reduced their target price on shares of Comerica from $114.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $101.26.
CMA stock opened at $78.99 on Friday. The stock has a market capitalization of $12.93 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.56 and a beta of 1.39. Comerica has a 12 month low of $77.33 and a 12 month high of $102.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82.
Comerica (NYSE:CMA) last issued its earnings results on Tuesday, October 16th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.05. Comerica had a net margin of 29.54% and a return on equity of 14.41%. The company had revenue of $833.00 million for the quarter, compared to analysts’ expectations of $852.72 million. During the same period in the prior year, the business earned $1.26 EPS. On average, equities research analysts expect that Comerica will post 7.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Friday, December 14th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, December 13th. Comerica’s payout ratio is 50.74%.
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Comerica Company Profile
Comerica, Inc engages in the provision of financial services. It operates through the following segments: Business Bank, Retail Bank, Wealth Management, Finance, and Other. The Business Bank segment involves in the middle market businesses, multinational corporations, and governmental entities by offering 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.
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