Comerica, Inc. (NYSE: CMA) has a price-to-earnings ratio of 10.68x that is above its average ratio. Additionally, the 36-month beta value for CMA is 1.28. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for CMA is 131.44M and currently, short sellers hold a 3.53% ratio of that float. The average trading volume of CMA on May 09, 2024 was 2.02M shares.
CMA) stock’s latest price update
The stock price of Comerica, Inc. (NYSE: CMA) has jumped by 1.26 compared to previous close of 53.21. Despite this, the company has seen a gain of 5.21% in its stock price over the last five trading days. 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.
CMA’s Market Performance
CMA’s stock has risen by 5.21% in the past week, with a monthly drop of -1.06% and a quarterly rise of 7.33%. The volatility ratio for the week is 2.32% while the volatility levels for the last 30 days are 2.76% for Comerica, Inc. The simple moving average for the past 20 days is 4.17% for CMA’s stock, with a 10.33% simple moving average for the past 200 days.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with Citigroup repeating the rating for CMA by listing it as a “Neutral.” The predicted price for CMA in the upcoming period, according to Citigroup is $56 based on the research report published on May 06, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see CMA reach a price target of $59. The rating they have provided for CMA stocks is “Hold” according to the report published on April 10th, 2024.
DA Davidson gave a rating of “Neutral” to CMA, setting the target price at $56 in the report published on February 27th of the current year.
CMA Trading at 4.10% 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 -6.12% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.29% upper at present.
During the last 5 trading sessions, CMA rose by +5.21%, which changed the moving average for the period of 200-days by +3.96% in comparison to the 20-day moving average, which settled at $51.85. In addition, Comerica, Inc. saw -3.46% 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 1.2.
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 2.08. The receivables turnover for the company is 5.54for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
In conclusion, Comerica, Inc. (CMA) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
