Comerica (CMA) Getting Somewhat Positive Press Coverage, Analysis Finds
Press coverage about Comerica (NYSE:CMA) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Comerica earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.4867453613974 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Comerica Incorporated (CMA) – Technical Deep insight – Wall Street Morning (wallstreetmorning.com)
- BofA (BAC) Raises CEO Moynihan’s 2017 Compensation by 15% (finance.yahoo.com)
- Comerica Named 100 Most Sustainable Companies in the United States by Barron’s (finance.yahoo.com)
- Comprehensive Stock Analysis – Comerica Incorporated (NYSE: CMA) – Alpha Beta Stock (alphabetastock.com)
- Why PNC Financial (PNC) Should Be Added to Your Portfolio? (finance.yahoo.com)
Comerica (CMA) traded up $3.56 during midday trading on Wednesday, reaching $97.40. 1,727,601 shares of the company were exchanged, compared to its average volume of 1,580,471. Comerica has a 1-year low of $64.04 and a 1-year high of $98.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $16,140.90, a P/E ratio of 23.58, a PEG ratio of 1.42 and a beta of 1.47.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.23%. Comerica’s dividend payout ratio (DPR) is presently 29.06%.
CMA has been the topic of a number of recent analyst reports. Piper Jaffray Companies raised shares of Comerica to a “buy” rating and set a $98.00 price target on the stock in a research report on Friday, December 8th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Comerica in a research report on Wednesday, December 13th. DA Davidson reissued a “hold” rating and set a $100.00 price target on shares of Comerica in a research report on Wednesday, January 17th. Deutsche Bank raised their price target on shares of Comerica from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks reissued a “hold” rating and set a $86.00 price target on shares of Comerica in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $92.37.
In other news, insider Peter William Guilfoile sold 1,052 shares of Comerica stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $97.00, for a total value of $102,044.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ralph W. Babb, Jr. sold 65,300 shares of Comerica stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $97.61, for a total transaction of $6,373,933.00. The disclosure for this sale can be found here. Insiders have sold 211,015 shares of company stock valued at $20,194,360 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
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Comerica Company Profile
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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