Somewhat Favorable Press Coverage Extremely Likely to Impact Comerica (CMA) Stock Price

News articles about Comerica (NYSE:CMA) have trended somewhat positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public 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 1.00 on their scale. InfoTrie also gave press coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Comerica’s ranking:

NYSE:CMA opened at $76.22 on Friday. Comerica has a twelve month low of $63.69 and a twelve month high of $101.05. The firm has a market cap of $11.85 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92.

Comerica (NYSE:CMA) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.15. Comerica had a net margin of 34.75% and a return on equity of 16.95%. The firm had revenue of $852.00 million for the quarter, compared to the consensus estimate of $852.88 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Comerica will post 8.22 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, June 13th. Comerica’s dividend payout ratio (DPR) is 37.02%.

Comerica announced that its board has initiated a stock buyback program on Tuesday, January 22nd that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have weighed in on CMA shares. Zacks Investment Research upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, March 12th. Stephens lowered shares of Comerica from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Jefferies Financial Group lowered shares of Comerica from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Wednesday, April 17th. BMO Capital Markets lowered shares of Comerica from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a report on Thursday, February 14th. Finally, DA Davidson decreased their price target on shares of Comerica to $87.00 and set a “neutral” rating on the stock in a report on Thursday, January 17th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $91.91.

In related news, insider Paul R. Obermeyer sold 8,200 shares of Comerica stock in a transaction on Friday, March 1st. The shares were sold at an average price of $86.75, for a total transaction of $711,350.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Megan D. Burkhart sold 7,443 shares of Comerica stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $87.55, for a total transaction of $651,634.65. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

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Comerica Company Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers 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 middle market businesses, multinational corporations, and governmental entities.

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