Financial Fitness Check: Examining Comerica, Inc. (CMA)’s Key Ratios

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In the latest session, Comerica, Inc. (NYSE: CMA) closed at $47.31 up 0.36% from its previous closing price of $47.14. In other words, the price has increased by $0.36 from its previous closing price. On the day, 1.41 million shares were traded. CMA stock price reached its highest trading level at $47.61 during the session, while it also had its lowest trading level at $46.61.

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 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.

On April 10, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $59.

DA Davidson Downgraded its Buy to Neutral on February 27, 2024, whereas the target price for the stock was revised from $63 to $56.

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 Apr 24 ’24 when McKinney Cassandra M. sold 7,271 shares for $52.59 per share. The transaction valued at 382,382 led to the insider holds 7,236 shares of the business.

Bridges Wendy sold 3,034 shares of CMA for $160,012 on Feb 12 ’24. The EVP now owns 17,460 shares after completing the transaction at $52.74 per share. On Jan 29 ’24, another insider, McKinney Cassandra M., who serves as the EVP of the company, sold 1,616 shares for $54.64 each. As a result, the insider received 88,293 and left with 8,314 shares of the company.

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 6272691200 and an Enterprise Value of 9000702976. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.38, and their Forward P/E ratio for the next fiscal year is 7.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 2.717.

Stock Price History:

The Beta on a monthly basis for CMA is 1.26, which has changed by 0.16527092 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, CMA has reached a high of $57.39, while it has fallen to a 52-week low of $37.40. The 50-Day Moving Average of the stock is -7.55%, while the 200-Day Moving Average is calculated to be -3.31%.

Shares Statistics:

For the past three months, CMA has traded an average of 1.74M shares per day and 2118100 over the past ten days. A total of 131.90M shares are outstanding, with a floating share count of 131.44M. Insiders hold about 0.87% of the company’s shares, while institutions hold 82.67% stake in the company. Shares short for CMA as of 1715731200 were 5174840 with a Short Ratio of 2.06, compared to 1713139200 on 4645101. Therefore, it implies a Short% of Shares Outstanding of 5174840 and a Short% of Float of 4.4799999999999995.

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 0.060246073The stock’s 5-year Average Dividend Yield is 4.8. The current Payout Ratio is 44.23% for CMA, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 1998-04-02 when the company split stock in a 3:2 ratio.

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