Media stories about Comerica (NYSE:CMA) have trended positive recently, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Comerica earned a media sentiment score of 2.33 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have effected Comerica’s ranking:
- Game 81 lineups: Nats at Tigers – Byron Kerr – MASNsports.com (masnsports.com)
- SunTrust Banks Equities Analysts Reduce Earnings Estimates for Comerica Incorporated (NYSE:CMA) (americanbankingnews.com)
- Detroit Tigers score vs. Texas Rangers: Scoring updates – Detroit Free Press (freep.com)
- Records Set at Annual Comerica Shred Day in Southeast Michigan – CSRwire.com (csrwire.com)
- Detroit Tigers vs. Texas Rangers live score, updates – MLive.com (mlive.com)
Several research firms have weighed in on CMA. Piper Jaffray Companies set a $91.00 target price on shares of Comerica and gave the stock a “buy” rating in a report on Tuesday, June 11th. ValuEngine upgraded shares of Comerica from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. DA Davidson lowered their price target on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. 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 research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. downgraded shares of Comerica from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $89.00 to $79.00 in a research report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $90.81.
Comerica (NYSE:CMA) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $2.08 earnings per share for the quarter, topping the Zacks’ 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 analyst estimates of $852.88 million. During the same period in the previous year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Comerica will post 8.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, June 13th. Comerica’s dividend payout ratio is currently 37.02%.
In other news, EVP Christine M. Moore sold 3,200 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $73.49, for a total value of $235,168.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.98% of the company’s stock.
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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