At the last check on Friday, Comerica Incorporated’s (NYSE:CMA) stock was up $0.63, moving up 1.31 percent to $48.74. The average number of shares traded per day over the past five days has been 1,055,044 shares. 3 times new highs have been achieved over the past 5 days, with a $2.82 gain in that time frame. In the last twenty days, the average volume was 1,431,031, while in the previous 50 days, it was 2,164,982.
Since last month, CMA stock retreated -7.93%. Shares of the company fell to $44.60 on 08/23/23, the lowest level in the past month. A 52-week high of $86.42 was reached on 02/09/23 after having rallying from a 52-week low of $28.40. Since the beginning of this year, CMA’s stock price has dropped by -27.09% or -$18.11, and marked a new high 15 times. However, the stock has declined by -43.60% since its 52-week high.
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CMA stock investors should be aware that Comerica Incorporated (CMA) stock had its last reported insider trading activity 213 days ago on Jan 31. McKinney Cassandra M., the EVP of the company, disposed of 362 shares for $72.70 on Jan 31. It resulted in a $26,316 divestment by the insider. McKinney Cassandra M. sold 3,262 shares at an average price of $72.76 on Jan 27. The insider now owns 6,825 shares following the transaction. On Nov 16, EVP Bridges Wendy sold 4,447 shares at $72.07 apiece. The transaction was valued at $320,495.
Valuation Metrics
Right now, Comerica Incorporated (CMA) has a P/E ratio of about 5.07. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 1.24, and the price-to-cash flow ratio of 5.40 may also be considered.
The latest dividend of $0.71 per share was paid out, remained unchanged from last year’s $0.71.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.58, and the total debt-to-equity ratio was 0.58. In the year ended June 29, operating margins totaled 72.70%. Based on annual data, CMA earned $2.47 billion in gross profit and brought in $2.67 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.60%. Return on equity (ROE) for the past 12 months was 25.00%.
In Comerica Incorporated’s quarter-end financial report for June 29, it reported total debt of $6.96 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Comerica Incorporated to report $1.86 quarterly earnings, the actual figure was $2.01 per share, beating the consensus estimate by 8.10%. The value of shareholders’ equity is $131.78 million.
Technical Picture
This quick technical analysis looks at Comerica Incorporated’s (CMA) price momentum. With a historical volatility rate of 31.37%, the RSI 9-day stood at 54.55% on 31 August.
With respect to its five-day moving average, the current Comerica Incorporated price is up by +6.14% percent or $2.82. At present, CMA shares trade -8.09% below its 20-day simple moving average and +12.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.31% above its SMA50 and -32.61% below its SMA200.
Stochastic coefficient K was 60.61% and Stochastic coefficient D was 48.25%, while ATR was 1.43. Given the Stochastic reading of 89.03% for the 14-day period, the RSI (14) reading has been calculated as 51.65%. As of today, the MACD Oscillator reading stands at 1.18, while the 14-day reading stands at 1.06.
Analyst Ratings
Odeon upgraded its rating on Comerica Incorporated (NYSE: CMA) to a Buy in a note to investors on June 05, 2023. The analysts firm previously had a Hold rating on the stock.Comerica Incorporated (CMA) has been rated Overweight by analysts. According to 2 brokerage firms, CMA is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Comerica Incorporated stock as buy, with 13 recommending it as overweight.
With a median target price of $57.00, the current consensus forecast for the stock is $45.00 – $75.00. Based on these forecasts, analysts predict Comerica Incorporated (CMA) will achieve an average price target of $57.23.
