Comerica, Inc. (NYSE: CMA) has seen a rise in its stock price by 2.02 in relation to its previous close of 58.52. However, the company has experienced a 5.81% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-16 that The regulator aims to seek probable solutions to its concerns before making a final decision on the legitimacy of the VOD deal in December.
Is It Worth Investing in Comerica, Inc. (NYSE: CMA) Right Now?
The price-to-earnings ratio for Comerica, Inc. (NYSE: CMA) is above average at 13.21x, Company’s 36-month beta value is 1.25.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for CMA is 131.46M, and currently, short sellers hold a 3.86% ratio of that floaft. The average trading volume of CMA on September 19, 2024 was 2.54M shares.
CMA’s Market Performance
CMA’s stock has seen a 5.81% increase for the week, with a 5.55% rise in the past month and a 26.64% gain in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.54% for Comerica, Inc. The simple moving average for the past 20 days is 5.99% for CMA’s stock, with a 13.79% simple moving average for the past 200 days.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with Keefe Bruyette repeating the rating for CMA by listing it as a “Outperform.” The predicted price for CMA in the upcoming period, according to Keefe Bruyette is $69 based on the research report published on September 05, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see CMA reach a price target of $53, previously predicting the price at $55. The rating they have provided for CMA stocks is “Hold” according to the report published on July 22nd, 2024.
Raymond James gave a rating of “Outperform” to CMA, setting the target price at $60 in the report published on July 02nd of the current year.
CMA Trading at 9.07% 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 able to rebound, for now settling with 0.95% of gains for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +7.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.83% upper at present.
During the last 5 trading sessions, CMA rose by +5.81%, which changed the moving average for the period of 200-days by +32.02% in comparison to the 20-day moving average, which settled at $56.53. In addition, Comerica, Inc. saw 6.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMA starting from Moore Christine M, who sale 2,545 shares at the price of $57.51 back on Aug 23 ’24. After this action, Moore Christine M now owns 27,910 shares of Comerica, Inc., valued at $146,371 using the latest closing price.
Moore Christine M, the Officer of Comerica, Inc., proposed sale 2,545 shares at $57.51 during a trade that took place back on Aug 23 ’24, which means that Moore Christine M is holding shares at $146,371 based on the most recent closing price.
Stock Fundamentals for CMA
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.95 for the gross margin
The net margin for Comerica, Inc. stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 10.63, with 0.73 for asset returns.
Based on Comerica, Inc. (CMA), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is 1.17.
Currently, EBITDA for the company is -4.0 million with net debt to EBITDA at 12.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 5.8for 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 0.21.
Conclusion
In a nutshell, Comerica, Inc. (CMA) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
