Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Comerica (CMA) Share Price

Cornelia Mascio
Aprile 23, 2018

Eight analysts have provided estimates for Comerica's earnings. The highest sales estimate is $831.00 million and the lowest is $794.00 million. After $0.39 actual earnings per share reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts 17.95% EPS growth. Barclays raised their price target on shares of Comerica from $76.00 to $93.00 and gave the stock an "underweight" rating in a report on Tuesday, January 2nd. Comerica had 52 analyst reports since October 23, 2017 according to SRatingsIntel. For the next year, analysts expect that the business will post earnings of $7.42 per share, with EPS estimates ranging from $7.00 to $7.95. Zacks Investment Research lowered Comerica from a "buy" rating to a "hold" rating in a research report on Tuesday, March 13th. The company is scheduled to issue its next earnings results before the market opens on Tuesday, April 17th. The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $819.30 million. Comerica had a return on equity of 10.94% and a net margin of 22.47%. Rampart Management Ltd Limited Liability Company invested in 0.08% or 2,380 shares. Deroy Devereaux Private Invest Counsel reported 2.87% of its portfolio in Comerica Incorporated (NYSE:CMA). Zacks Investment Research upgraded Comerica from a "hold" rating to a "strong-buy" rating and set a $104.00 price target for the company in a report on Wednesday, January 10th. ValuEngine upgraded shares of Comerica from a "hold" rating to a "buy" rating in a report on Tuesday. Comerica has an average rating of "Hold" and an average price target of $97.06. Finally, UBS initiated coverage on shares of Comerica in a research report on Wednesday, March 21st. Susquehanna maintained it with "Hold" rating and $3900 target in Wednesday, July 26 report.

Among 30 analysts covering V.F. Corp (NYSE:VFC), 14 have Buy rating, 1 Sell and 15 Hold. Comerica has an average rating of "Hold" and an average target price of $97.06. Pl Capital Advsr Ltd holds 6.32% in Comerica Incorporated (NYSE:CMA) or 275,000 shares. The company's stock had a trading volume of 1,589,473 shares, compared to its average volume of 1,545,167. The stock has a market cap of $16,501.91, a price-to-earnings ratio of 20.19, a PEG ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.02. Comerica has a twelve month low of $64.04 and a twelve month high of $102.66.

The business also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Moreover, Legal General Public Llc has 0.1% invested in V.F. Corporation (NYSE:VFC) for 1.87M shares. This represents a $1.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, March 14th. Comerica's payout ratio is now 25.37%. BABB RALPH W JR had sold 50,000 shares worth $4.76M. The shares were sold at an average price of $97.00, for a total value of $102,044.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Megan D. Burkhart sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 25th. Founders Financial Securities Llc sold 13,262 shares as the company's stock declined 5.92% with the market. The disclosure for this sale can be found here. Insiders have sold a total of 272,006 shares of company stock valued at $26,250,992 over the last quarter. The stock decreased 1.29% or $0.57 during the last trading session, reaching $43.74.

Several hedge funds have recently made changes to their positions in the company. Accern also assigned news articles about the financial services provider an impact score of 45.9335968485161 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. Lazard Asset Management LLC boosted its stake in shares of Comerica by 3.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,855,255 shares of the financial services provider's stock valued at $247,865,000 after purchasing an additional 415,034 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Comerica by 41.2% during the fourth quarter. Rockefeller Financial Services Inc. now owns 1,446,003 shares of the financial services provider's stock valued at $125,527,000 after purchasing an additional 1,435,754 shares during the last quarter. Strycker View Capital LLC bought a new position in Comerica during the fourth quarter valued at approximately $24,003,000. Moreover, West Oak Cap Limited Com has 0.15% invested in Comerica Incorporated (NYSE:CMA) for 2,806 shares. BlackRock Inc. now owns 11,882,946 shares of the financial services provider's stock valued at $1,031,560,000 after acquiring an additional 255,109 shares in the last quarter. The institutional investor held 106,831 shares of the apparel company at the end of 2017Q4, valued at $7.91M, up from 102,177 at the end of the previous reported quarter.

WARNING: "Comerica Inc (CMA) Expected to Announce Earnings of $1.61 Per Share" was first reported by Macon Daily and is the property of of Macon Daily.

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Ent Financial stated it has 0% in Comerica Incorporated (NYSE:CMA). The company operates through three segments: Business Bank, the Retail Bank, and Wealth Management. 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, global trade finance, letters of credit, foreign exchange management services and loan syndication services.

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