The stock of Comerica Incorporated (NYSE:CMA) decreased by -$0.08 on Tuesday to finish at $43.18, down -0.18 percent. The last five days have seen an average of 2,834,900 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$23.67. The average number of shares traded over the last 20 days was 2,016,400, while the average volume over the last 50 days totaled 2,236,802.
CMA stock dropped -8.65% since last month. On 09/19/23, the company’s shares reached a one-month low of $42.46. The stock touched a high of $80.21 on 02/09/23, after rallying from a low of $28.40 in 52 weeks. The price of CMA stock has declined by -35.41% or -$23.67 this year, reaching a new high 15 times. Still, the stock price is down -46.17% 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 232 days ago on Jan 31. On Jan 31, EVP McKinney Cassandra M. sold 362 shares at $72.70 each. This transaction resulted in the insider making $26,316. On Jan 27, McKinney Cassandra M. sold 3,262 shares at a price of US$72.76. After the transaction, the insider now owns 6,825 shares. EVP Bridges Wendy had earlier sold 4,447 shares on Nov 16 for $72.07 a share. The transaction was completed for $320,495.
Valuation Metrics
Comerica Incorporated (CMA) has a trailing price-to-earnings (P/E) ratio of 4.50. Beta for the stock is 1.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 4.76.
Company paid $0.71 per share in dividends, remained unchanged from $0.71 last year. A $0.03 dividend increase was reported on Tuesday February 28 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.58, and the total debt to equity ratio is 0.58. Comerica Incorporated’s operating margin stood at 72.70% for the same period. Based on annual data, it had gross profit of $2.47 billion and revenue of $2.67 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CMA’s return on assets (ROA) during the last 12 months has been 1.40%. There was a 26.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.00%.
Earnings Surprise
According to Comerica Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Comerica Incorporated’s quarterly earnings would be $2.01, but it ended up being $1.86, beating the consensus by 8.10%. At the end of Comerica Incorporated’s most recent quarter ended June 29, its total debt was $17.55 billion. Equity owned by shareholders amounts to $131.78 million.
Technical Picture
Here’s a quick look at Comerica Incorporated’s (CMA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 26.26%, suggesting the stock is oversold, with a 22.48% historical volatility rate.
The stochastic %K and %D were 11.53% and 10.01% respectively, while the average true range (ATR) was 1.48. Based on the 14-day stochastic reading of 10.60%, the RSI (14) reading is 32.88%. On the 9-day MACD Oscillator, the stock is at -1.34, and the 14-day reading is at -2.52.
Analyst Ratings
In its most recent analyst report, Odeon raised its rating on Comerica Incorporated (NYSE: CMA) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Comerica Incorporated (CMA) an Overweight rating. CMA is a stock that is recommended for selling by 2 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is CMA’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $75.00, with a median target price of $57.00. In analyzing these forecasts, the average price target given by analysts for Comerica Incorporated (CMA) is $57.05.
