The price-to-earnings ratio for Comerica, Inc. (NYSE: CMA) is 16.19x, which is above its average ratio. Moreover, the 36-month beta value for CMA is 1.25. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for CMA is 131.46M and currently, short sellers hold a 3.75% of that float. On October 21, 2024, CMA’s average trading volume was 2.00M shares.
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CMA) stock’s latest price update
Comerica, Inc. (NYSE: CMA)’s stock price has surge by 3.67relation to previous closing price of 62.64. Nevertheless, the company has seen a 5.97% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-18 that CMA’s Q3 2024 results benefit from an increase in deposit balance and a strong capital position. Yet, a decline in NII and fee income remains a concern.
CMA’s Market Performance
Comerica, Inc. (CMA) has experienced a 5.97% rise in stock performance for the past week, with a 6.25% rise in the past month, and a 27.06% rise in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 2.38% for CMA. The simple moving average for the last 20 days is 8.11% for CMA stock, with a simple moving average of 21.80% for the last 200 days.
Analysts’ Opinion of CMA
Many brokerage firms have already submitted their reports for CMA stocks, with BofA Securities repeating the rating for CMA by listing it as a “Underperform.” The predicted price for CMA in the upcoming period, according to BofA Securities is $52 based on the research report published on October 07, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see CMA reach a price target of $75, previously predicting the price at $52. The rating they have provided for CMA stocks is “Outperform” according to the report published on September 24th, 2024.
Keefe Bruyette gave a rating of “Outperform” to CMA, setting the target price at $69 in the report published on September 05th of the current year.
CMA Trading at 12.24% 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 2.64% of gains for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares surge +5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.55% upper at present.
During the last 5 trading sessions, CMA rose by +5.97%, which changed the moving average for the period of 200-days by +18.76% in comparison to the 20-day moving average, which settled at $60.07. In addition, Comerica, Inc. saw 16.36% 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:
- 0.37 for the present operating margin
- 0.95 for the gross margin
The net margin for Comerica, Inc. stands at 0.12. The total capital return value is set at 0.02. Equity return is now at value 9.05, with 0.67 for asset returns.
Based on Comerica, Inc. (CMA), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 1.15.
Currently, EBITDA for the company is -4.0 million with net debt to EBITDA at 31.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
To wrap up, the performance of Comerica, Inc. (CMA) has been better in recent times. The stock has received a bullish of “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.
