Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Comerica, Inc. (NYSE: CMA) closed the day trading at $50.66 up 1.69% from the previous closing price of $49.82. In other words, the price has increased by $1.69 from its previous closing price. On the day, 3.3 million shares were traded. CMA stock price reached its highest trading level at $52.24 during the session, while it also had its lowest trading level at $50.13.
Ratios:
For a better understanding of CMA, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 6711943168 and an Enterprise Value of 7968635392. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.05, and their Forward P/E ratio for the next fiscal year is 8.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 2.275.
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 -1.19%, while the 200-Day Moving Average is calculated to be 4.45%.
Shares Statistics:
Over the past 3-months, CMA traded about 2.15M shares per day on average, while over the past 10 days, CMA traded about 1817100 shares per day. 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 80.96% stake in the company. Shares short for CMA as of 1711584000 were 4608360 with a Short Ratio of 2.15, compared to 1709164800 on 5789268. Therefore, it implies a Short% of Shares Outstanding of 4608360 and a Short% of Float of 3.9899999999999998.
Dividends & Splits
CMA’s forward annual dividend rate is 2.84, up from 2.84 a year ago. The stock’s 5-year Average Dividend Yield is 4.72.
Earnings Estimates
Investors are keenly observing as Chipotle Mexican Grill, Inc. analysts analyze and rate the current performance of Comerica, Inc. (CMA) in the stock market.The consensus estimate for the next quarter is $454.70, with high estimates of $209.65 and low estimates of $291.42.
Analysts are recommending an EPS of between $Financial Services and $Industrials for the fiscal current year, implying an average EPS of $Financial Services.
