Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Comerica, Inc. (NYSE: CMA) closed at $52.15 in the last session, down -1.51% from day before closing price of $52.95. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 1.16 million shares were traded. CMA stock price reached its highest trading level at $52.87 during the session, while it also had its lowest trading level at $51.32.
Ratios:
We take a closer look at CMA’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
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 this company, Deutsche Bank on April 10, 2024, initiated with a Hold rating and assigned the stock a target price of $59.
On February 27, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $63 to $56.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6908884480 and an Enterprise Value of 9288886272. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.35, and their Forward P/E ratio for the next fiscal year is 8.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 2.804.
Stock Price History:
Over the past 52 weeks, CMA has reached a high of $57.39, while it has fallen to a 52-week low of $28.40. The 50-Day Moving Average of the stock is 1.48%, while the 200-Day Moving Average is calculated to be 7.07%.
Shares Statistics:
According to the various share statistics, CMA traded on average about 2.11M shares per day over the past 3-months and 2019800 shares per day over the past 10 days. A total of 131.90M shares are outstanding, with a floating share count of 131.39M. Insiders hold about 0.83% of the company’s shares, while institutions hold 81.00% stake in the company. Shares short for CMA as of 1713139200 were 4645101 with a Short Ratio of 2.20, compared to 1710460800 on 5088644. Therefore, it implies a Short% of Shares Outstanding of 4645101 and a Short% of Float of 4.03.
Dividends & Splits
The forward annual dividend rate for CMA is 2.84, which was 2.84 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.053635504The stock’s 5-year Average Dividend Yield is 4.72.
