Comerica Incorporated (CMA): Here Are Some Research Recommendations


Comerica Incorporated (NYSE:CMA) finished Friday with an addition of $0.19 to close at $66.85, an upside of 0.29 percent. An average of 722,620 shares of common stock have been traded in the last five days. There was a gain of $1.29 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,479,475 shares traded, while the 50-day average volume stands at 1,594,290.

CMA stock has decreased by -6.82% in the last month. The company shares reached their 1-month lowest point of $62.83 on 12/16/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $62.83 and a high of $102.09 in 52 weeks. It has reached a new high 11 times so far this year and lost -23.16% or -$20.15 in price. In spite of this, the price is down -34.52% from the 52-week high.

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Insider Transactions

CMA stock investors should be aware that Comerica Incorporated (CMA) stock had its last reported insider trading activity 45 days ago on Nov 16. In this transaction, the insider spent $320,495. Executive Vice President, WEBER JAMES HARRY, disposed of 5,000 shares at a price of $74.33 on Nov 10. The insider now owns more than $371,626 worth of shares. Prior to that, Director Turner Reginald M JR went on to Sale 162 shares at $71.04 each on Oct 31. An amount of $11,508 was transacted.

Valuation Metrics

Comerica Incorporated (CMA) has a trailing price-to-earnings (P/E) ratio of 8.86. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.83, the price-to-book (PB) ratio at 1.87, and the price-to-cash flow ratio at 228.56.

The company has a payout ratio of 35.70%. The company’s most recent quarterly dividend payment was $0.68 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday January 28 2020.

Financial Health

Further, the company has a long term debt to equity ratio of 0.65 and a total debt to equity ratio of 0.65 for the quarter ending September 29. Its gross profit as reported stood at $1.84 billion compared to revenue of $1.9 billion.

Earnings Surprise

For the three-month period that ended September 29, Comerica Incorporated had $3.02 billion in total debt. The analyst consensus anticipated Comerica Incorporated’s latest quarter earnings to come in at $2.57 per share, but it turned out to be $2.6, a 1.20% surprise. At the end of the quarter ending September 29, Comerica Incorporated’s stock balance sheet showed total debt was $4.59 billion. Shareholders own equity worth $130.95 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Comerica Incorporated (CMA) price momentum. RSI 9-day as of the close on 30 December was 55.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.21%.

As of today, CMA’s price is $66.32 +1.97% or $1.29 from its 5-day moving average. CMA is currently trading -6.65% lower than its 20-day SMA and -15.64% lower than its 100-day SMA. However, the stock’s current price level is -1.18% below the SMA50 and -30.30% below the SMA200.

The stochastic %K and %D were 58.77% and 55.91%, respectively, and the average true range (ATR) was 1.56. With the 14-day stochastic at 66.56% and the average true range at 1.71, the RSI (14) stands at 49.58%. The stock has reached 0.90 on the 9-day MACD Oscillator while the 14-day reading was at 0.98.

Analyst Ratings

DA Davidson upgraded Comerica Incorporated (NYSE: CMA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Comerica Incorporated (CMA) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CMA, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 12 others rate it as a “buy”.

What is CMA’s price target for the next 12 months?

Analysts predict a range of price targets between $72.00 and $96.00, with a median target of $82.50. Taking a look at these predictions, the average price target given by analysts for Comerica Incorporated (CMA) stock is $82.35.


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