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The price of Comerica, Inc. (NYSE: CMA) closed at $55.84 in the last session, down -2.22% from day before closing price of $57.11. In other words, the price has decreased by -$2.22 from its previous closing price. On the day, 1.5 million shares were traded. CMA stock price reached its highest trading level at $57.17 during the session, while it also had its lowest trading level at $55.555.
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 1.36 whereas as Long-Term Debt/Eq ratio is at 1.15.
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, Truist on July 22, 2024, Downgraded its rating to Hold and sets its target price to $53 from $55 previously.
On July 02, 2024, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $60.
Citigroup Downgraded its Buy to Neutral on May 06, 2024, while the target price for the stock was maintained at $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 Aug 23 ’24 when Moore Christine M sold 2,545 shares for $57.51 per share. The transaction valued at 146,371 led to the insider holds 27,910 shares of the business.
Moore Christine M bought 2,545 shares of CMA for $146,371 on Aug 23 ’24. On Apr 24 ’24, another insider, McKinney Cassandra M., who serves as the EVP of the company, sold 7,271 shares for $52.59 each. As a result, the insider received 382,382 and left with 7,236 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 7576762368 and an Enterprise Value of 11700287488. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.35, and their Forward P/E ratio for the next fiscal year is 10.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 3.605.
Stock Price History:
Over the past 52 weeks, CMA has reached a high of $58.50, while it has fallen to a 52-week low of $37.40. The 50-Day Moving Average of the stock is 4.97%, while the 200-Day Moving Average is calculated to be 7.81%.
Shares Statistics:
According to the various share statistics, CMA traded on average about 2.54M shares per day over the past 3-months and 1454350 shares per day over the past 10 days. A total of 131.90M shares are outstanding, with a floating share count of 131.46M. Insiders hold about 0.91% of the company’s shares, while institutions hold 83.09% stake in the company. Shares short for CMA as of 1723680000 were 4593777 with a Short Ratio of 1.81, compared to 1721001600 on 4097265. Therefore, it implies a Short% of Shares Outstanding of 4593777 and a Short% of Float of 3.9800000000000004.
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 0.04972859The stock’s 5-year Average Dividend Yield is 4.88.
