The stock of Comerica, Inc. (NYSE: CMA) has decreased by -2.43 when compared to last closing price of 51.42. Despite this, the company has experienced a -4.69% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Comerica’s (CMA) Q1 results reflect an improvement in its capital ratios. However, challenges emerge with lower net interest income and loan balances, along with higher expenses.
Is It Worth Investing in Comerica, Inc. (NYSE: CMA) Right Now?
Comerica, Inc. (NYSE: CMA) has a higher price-to-earnings ratio of 9.95x compared to its average ratio, The 36-month beta value for CMA is at 1.29. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for CMA is 131.47M, and currently, shorts hold a 3.53% of that float. The average trading volume for CMA on May 01, 2024 was 2.09M shares.
CMA’s Market Performance
CMA’s stock has seen a -4.69% decrease for the week, with a -7.28% drop in the past month and a -9.75% fall in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 2.70% for Comerica, Inc. The simple moving average for the last 20 days is -3.73% for CMA stock, with a simple moving average of 2.87% for the last 200 days.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with Deutsche Bank repeating the rating for CMA by listing it as a “Hold.” The predicted price for CMA in the upcoming period, according to Deutsche Bank is $59 based on the research report published on April 10, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see CMA reach a price target of $56, previously predicting the price at $63. The rating they have provided for CMA stocks is “Neutral” according to the report published on February 27th, 2024.
CMA Trading at -2.52% from the 50-Day Moving Average
After a stumble in the market that brought CMA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.58% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares sank -6.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.34% lower at present.
During the last 5 trading sessions, CMA fell by -4.69%, which changed the moving average for the period of 200-days by +6.13% in comparison to the 20-day moving average, which settled at $51.94. In addition, Comerica, Inc. saw -10.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMA starting from McKinney Cassandra M., who sale 7,271 shares at the price of $52.59 back on Apr 24 ’24. After this action, McKinney Cassandra M. now owns 7,236 shares of Comerica, Inc., valued at $382,382 using the latest closing price.
Bridges Wendy, the EVP of Comerica, Inc., sale 3,034 shares at $52.74 during a trade that took place back on Feb 12 ’24, which means that Bridges Wendy is holding 17,460 shares at $160,012 based on the most recent closing price.
Stock Fundamentals for CMA
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 1.01 for the gross margin
The net margin for Comerica, Inc. stands at 0.16. The total capital return value is set at 0.04. Equity return is now at value 11.47, with 0.81 for asset returns.
Based on Comerica, Inc. (CMA), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is -4.0 million with net debt to EBITDA at 3.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
In conclusion, Comerica, Inc. (CMA) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
