Comerica, Inc (NYSE: CMA)’s stock price has gone rise by 9.70 in comparison to its previous close of 63.28, however, the company has experienced a 7.67% increase in its stock price over the last five trading days. zacks.com reported 2024-11-06 that CMA announces an additional 10 million share repurchase authorization to its current buyback program, enhancing shareholders’ confidence in the stock.
Is It Worth Investing in Comerica, Inc (NYSE: CMA) Right Now?
Comerica, Inc (NYSE: CMA) has a price-to-earnings ratio that is above its average at 17.35x. The stock has a 36-month beta value of 1.23. Opinions on the stock are mixed, 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 130.32M, and at present, short sellers hold a 3.47% of that float. On November 06, 2024, the average trading volume of CMA was 1.84M shares.
CMA’s Market Performance
CMA’s stock has seen a 7.67% increase for the week, with a 19.93% rise in the past month and a 32.07% gain in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.45% for Comerica, Inc The simple moving average for the past 20 days is 10.50% for CMA’s stock, with a 28.80% simple moving average for the past 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 15.81% 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 5.08% of gains for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +17.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.01% upper at present.
During the last 5 trading sessions, CMA rose by +7.68%, which changed the moving average for the period of 200-days by +28.65% in comparison to the 20-day moving average, which settled at $62.82. In addition, Comerica, Inc saw 24.38% 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 WEBER JAMES HARRY, who sale 6,500 shares at the price of $63.23 back on Oct 24 ’24. After this action, WEBER JAMES HARRY now owns 15,773 shares of Comerica, Inc, valued at $410,993 using the latest closing price.
WEBER JAMES HARRY, the Officer of Comerica, Inc, proposed sale 6,500 shares at $63.23 during a trade that took place back on Oct 24 ’24, which means that WEBER JAMES HARRY is holding shares at $410,993 based on the most recent closing price.
Stock Fundamentals for CMA
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.98 for the gross margin
The net margin for Comerica, Inc stands at 0.12. The total capital return value is set at 0.07. 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 0.31. 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 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The receivables turnover for the company is 5.98for 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 0.30.
Conclusion
To sum up, Comerica, Inc (CMA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
