As of close of business last night, Comerica Incorporated’s stock clocked out at 77.75, down -1.36% from its previous closing price of $78.82. In other words, the price has decreased by $-1.07 from its previous closing price. On the day, 1021810 shares were traded. CMA reached its highest trading level at $80.21 during the session, while it also had its lowest trading level at $77.74.
To gain a deeper understanding of CMA’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.44.
Upgrades & Downgrades
On May 02, 2022, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $90 to $94.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 11 when Sefzik Peter L sold 7,287 shares for $83.78 per share. The transaction valued at 610,492 led to the insider holds 32,007 shares of the business.
Bridges Wendy sold 1,100 shares of CMA for $103,158 on Mar 03. The EVP now owns 16,666 shares after completing the transaction at $93.78 per share. On Feb 18, another insider, CHAUSSE MELINDA A., who serves as the EVP of the company, sold 3,647 shares for $100.67 each. As a result, the insider received 367,143 and left with 41,876 shares of the company.
As of this moment, Comerica’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.35, and their Forward P/E ratio for the next fiscal year is 7.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.16 while its Price-to-Book (P/B) ratio in mrq is 1.69.
Stock Price History:
Over the past 52 weeks, CMA has reached a high of $102.09, while it has fallen to a 52-week low of $70.71. The 50-Day Moving Average of the stock is 80.16, while the 200-Day Moving Average is calculated to be 85.04.
It appears that CMA traded 1.01M shares on average per day over the past three months and 1.49M shares per day over the past ten days. A total of 131.00M shares are outstanding, with a floating share count of 130.03M. Insiders hold about 0.40% of the company’s shares, while institutions hold 84.00% stake in the company. Shares short for CMA as of Jul 14, 2022 were 2.48M with a Short Ratio of 2.00, compared to 2.4M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.90% and a Short% of Float of 2.16%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.72, CMA has a forward annual dividend rate of 2.72. Against a Trailing Annual Dividend Yield of 3.45%, it implies a Forward Annual Dividend Yield of 3.50%. The stock’s 5-year Average Dividend Yield is 3.49. The current Payout Ratio is 39.30% for CMA, which recently paid a dividend on Sep 30, 2022 with an ex-dividend date of Sep 13, 2022. Stock splits for the company last occurred on Apr 01, 1998 when the company split stock in a 3:2 ratio.
As of right now, 19 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.48 for the current quarter, with a high estimate of $2.71 and a low estimate of $2.22, while EPS last year was $1.9. The consensus estimate for the next quarter is $2.63, with high estimates of $2.84 and low estimates of $2.48.
Analysts are recommending an EPS of between $8.75 and $6.72 for the fiscal current year, implying an average EPS of $8.32. EPS for the following year is $10.15, with 21 analysts recommending between $11.39 and $7.06.
A total of 15 analysts have provided revenue estimates for CMA’s current fiscal year. The highest revenue estimate was $3.49B, while the lowest revenue estimate was $3.42B, resulting in an average revenue estimate of $3.47B. In the same quarter a year ago, actual revenue was $2.97B, up 16.90% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $3.94B in the next fiscal year. The high estimate is $4.11B and the low estimate is $3.57B. The average revenue growth estimate for next year is up 13.50% from the average revenue estimate for this year.