Comerica Incorporated (CMA) is a leading banks-regional business based in the US. Comerica Incorporated is listed on the NYSE and employs 7,681 staff. All prices are listed in US Dollars.
|52-week range||$23.1304 - $66.08|
|50-day moving average||$57.3506|
|200-day moving average||$45.6289|
|Wall St. target price||$64.98|
|Dividend yield||$2.72 (4.38%)|
|Earnings per share (TTM)||$3.27|
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Valuing Comerica Incorporated stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Comerica Incorporated's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Comerica Incorporated's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Comerica Incorporated shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Comerica Incorporated's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 21.3084. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Comerica Incorporated's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$2.4 billion|
|Operating margin TTM||26.27%|
|Gross profit TTM||$2.4 billion|
|Return on assets TTM||0.59%|
|Return on equity TTM||6.17%|
|Market capitalisation||$8.7 billion|
TTM: trailing 12 months
There are currently 2.6 million Comerica Incorporated shares held short by investors – that's known as Comerica Incorporated's "short interest". This figure is 32.2% down from 3.8 million last month.
There are a few different ways that this level of interest in shorting Comerica Incorporated shares can be evaluated.
Comerica Incorporated's "short interest ratio" (SIR) is the quantity of Comerica Incorporated shares currently shorted divided by the average quantity of Comerica Incorporated shares traded daily (recently around 2.0 million). Comerica Incorporated's SIR currently stands at 1.29. In other words for every 100,000 Comerica Incorporated shares traded daily on the market, roughly 1290 shares are currently held short.
However Comerica Incorporated's short interest can also be evaluated against the total number of Comerica Incorporated shares, or, against the total number of tradable Comerica Incorporated shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Comerica Incorporated's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Comerica Incorporated shares in existence, roughly 20 shares are currently held short) or 0.0215% of the tradable shares (for every 100,000 tradable Comerica Incorporated shares, roughly 22 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Comerica Incorporated.
Find out more about how you can short Comerica Incorporated stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Comerica Incorporated.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 24.95
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Comerica Incorporated's overall score of 24.95 (as at 01/01/2019) is nothing to write home about – landing it in it in the 44th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Comerica Incorporated is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 1.22/100
Comerica Incorporated's environmental score of 1.22 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Comerica Incorporated is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 12.51/100
Comerica Incorporated's social score of 12.51 puts it squarely in the 1st percentile of companies rated in the same sector. This could suggest that Comerica Incorporated is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 10.66/100
Comerica Incorporated's governance score puts it squarely in the 1st percentile of companies rated in the same sector. That could suggest that Comerica Incorporated is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, Comerica Incorporated scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Comerica Incorporated has, for the most part, managed to keep its nose clean.
|Total ESG score||24.95|
|Total ESG percentile||43.96|
|Environmental score percentile||1|
|Social score percentile||1|
|Governance score percentile||1|
|Level of controversy||2|
Dividend payout ratio: 53.13% of net profits
Recently Comerica Incorporated has paid out, on average, around 53.13% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.38% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Comerica Incorporated shareholders could enjoy a 4.38% return on their shares, in the form of dividend payments. In Comerica Incorporated's case, that would currently equate to about $2.72 per share.
Comerica Incorporated's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Comerica Incorporated's most recent dividend payout was on 1 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 December 2020 (the "ex-dividend date").
Comerica Incorporated's shares were split on a 3:2 basis on 2 April 1998. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Comerica Incorporated shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Comerica Incorporated shares which in turn could have impacted Comerica Incorporated's share price.
Over the last 12 months, Comerica Incorporated's shares have ranged in value from as little as $23.1304 up to $66.08. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Comerica Incorporated's is 1.6928. This would suggest that Comerica Incorporated's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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 for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. It also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. It also sells annuity products; and life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona and Florida, as well as in Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.
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