In the latest session, Comerica, Inc. (NYSE: CMA) closed at $52.07 up 1.70% from its previous closing price of $51.20. In other words, the price has increased by $+0.87 from its previous closing price. On the day, 2287750 shares were traded. CMA stock price reached its highest trading level at $52.83 during the session, while it also had its lowest trading level at $51.23.
Ratios:
For a deeper understanding of Comerica, Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on February 27, 2024, Downgraded its rating to Neutral and sets its target price to $56 from $63 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 12 ’24 when Bridges Wendy sold 3,034 shares for $52.74 per share. The transaction valued at 160,012 led to the insider holds 17,460 shares of the business.
McKinney Cassandra M. sold 1,616 shares of CMA for $88,293 on Jan 29 ’24. The EVP now owns 8,314 shares after completing the transaction at $54.64 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMA now has a Market Capitalization of 6.90B. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.06, and their Forward P/E ratio for the next fiscal year is 8.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 1.14.
Stock Price History:
Over the past 52 weeks, CMA has reached a high of $68.78, while it has fallen to a 52-week low of $28.40. The 50-Day Moving Average of the stock is 52.71, while the 200-Day Moving Average is calculated to be 46.91.
Shares Statistics:
For the past three months, CMA has traded an average of 2.11M shares per day and 2.36M over the past ten days. A total of 131.90M shares are outstanding, with a floating share count of 131.31M. Insiders hold about 0.89% of the company’s shares, while institutions hold 81.35% stake in the company. Shares short for CMA as of Feb 15, 2024 were 5.51M with a Short Ratio of 2.61, compared to 5M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.18% and a Short% of Float of 4.81%.
Dividends & Splits
According to the company, the forward annual dividend rate for CMA is 2.84, from 2.84 in the trailing year. Against a Trailing Annual Dividend Yield of 5.55%, it implies a Forward Annual Dividend Yield of 5.45%. The stock’s 5-year Average Dividend Yield is 4.68. The current Payout Ratio is 44.23% for CMA, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Apr 02, 1998 when the company split stock in a 3:2 ratio.
Earnings Estimates
There are 20 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.14 for the current quarter, with a high estimate of $1.3 and a low estimate of $1, while EPS last year was $2.39. The consensus estimate for the next quarter is $1.31, with high estimates of $1.43 and low estimates of $1.14.
Analysts are recommending an EPS of between $5.7 and $4.9 for the fiscal current year, implying an average EPS of $5.31. EPS for the following year is $6.19, with 22 analysts recommending between $6.59 and $5.3.
Revenue Estimates
A total of 17 analysts believe the company’s revenue will be $809.53M this quarter.It ranges from a high estimate of $827M to a low estimate of $800M. As of the current estimate, Comerica, Inc.’s year-ago sales were $966.85M, an estimated decrease of -16.30% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $833.54M, a decrease of -7.70% over than the figure of -$16.30% in the same quarter last year. There is a high estimate of $845.42M for the next quarter, whereas the lowest estimate is $816M.
A total of 21 analysts have provided revenue estimates for CMA’s current fiscal year. The highest revenue estimate was $3.52B, while the lowest revenue estimate was $3.29B, resulting in an average revenue estimate of $3.38B. In the same quarter a year ago, actual revenue was $3.59B, down -5.90% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $3.61B in the next fiscal year. The high estimate is $3.71B and the low estimate is $3.51B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.
