Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Comerica, Inc (NYSE: CMA) closed at $66.71 down -1.40% from its previous closing price of $67.66. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 3.05 million shares were traded. CMA stock price reached its highest trading level at $68.35 during the session, while it also had its lowest trading level at $66.44.
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 0.92 whereas as Long-Term Debt/Eq ratio is at 0.92.
On October 07, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $55 to $52.
Wedbush Upgraded its Neutral to Outperform on September 24, 2024, whereas the target price for the stock was revised from $52 to $75.
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 Dec 02 ’24 when Bailey Corey R sold 1,857 shares for $71.36 per share. The transaction valued at 132,516 led to the insider holds 25,817 shares of the business.
Bailey Corey R bought 1,857 shares of CMA for $132,516 on Dec 02 ’24. On Nov 07 ’24, another insider, Fleming Allysun C, who serves as the Executive Vice President of the company, sold 1,392 shares for $68.83 each. As a result, the insider received 95,804 and left with 8,730 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 8773299200 and an Enterprise Value of 9738310656. As of this moment, Comerica,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.67, and their Forward P/E ratio for the next fiscal year is 12.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 3.081.
Stock Price History:
Over the past 52 weeks, CMA has reached a high of $73.45, while it has fallen to a 52-week low of $45.32. The 50-Day Moving Average of the stock is 1.58%, while the 200-Day Moving Average is calculated to be 18.93%.
Shares Statistics:
For the past three months, CMA has traded an average of 1.85M shares per day and 1660830 over the past ten days. A total of 132.72M shares are outstanding, with a floating share count of 130.34M. Insiders hold about 0.89% of the company’s shares, while institutions hold 86.88% stake in the company. Shares short for CMA as of 1732838400 were 5040995 with a Short Ratio of 2.72, compared to 1730332800 on 5121270. Therefore, it implies a Short% of Shares Outstanding of 5040995 and a Short% of Float of 4.4099998000000005.
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 0.041974574The stock’s 5-year Average Dividend Yield is 4.91.
