Comerica, Inc. (NYSE: CMA) is -5.46% lower on its value in year-to-date trading and has touched a low of $28.40 and a high of $57.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMA stock was last observed hovering at around $53.77 in the last trading session, with the day’s loss setting it -1.01%.
Currently trading at $52.76, the stock is 1.36% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -1.88% at the moment leaves the stock 9.91% off its SMA200. CMA registered 25.02% gain for a year compared to 6-month gain of 33.20%.
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The stock witnessed a 1.97% loss in the last 1 month and extending the period to 3 months gives it a -3.51%, and is -2.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.83% over the month.
Comerica, Inc. (CMA) has around 7863 employees, a market worth around $6.99B and $5.18B in sales. Current P/E ratio is 8.17 and Fwd P/E is 8.61. Profit margin for the company is 16.48%. Distance from 52-week low is 85.77% and -8.07% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).
Comerica, Inc. quarterly earnings per share for the current quarter are estimated at $1.12 with sales reaching $808.7M over the same period.The EPS is expected to shrink by -18.79% this year, but quarterly earnings will post -6.40% year-over-year. Quarterly sales are estimated to shrink -16.40% in year-over-year returns.
734 institutions hold shares in Comerica, Inc. (CMA), with institutional investors hold 83.00% of the company’s shares. The shares outstanding are 131.90M, and float is at 131.31M with Short Float at 3.88%. Institutions hold 82.36% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 16.41 million shares valued at $694.96 million. The investor’s holdings represent 12.45% of the CMA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.61 million shares valued at $576.37 million to account for 10.33% of the shares outstanding. The other top investors are State Street Corporation which holds 6.63 million shares representing 5.03% and valued at over $280.8 million, while First Trust Advisors LP holds 3.61% of the shares totaling 4.76 million with a market value of $201.49 million.
Comerica, Inc. (CMA) Insider Activity
The most recent transaction is an insider sale by Bridges Wendy, the company’s EVP. SEC filings show that Bridges Wendy sold 3,034 shares of the company’s common stock on Feb 12 ’24 at a price of $52.74 per share for a total of $0.16 million. Following the sale, the insider now owns 17460.0 shares.
Comerica, Inc. disclosed in a document filed with the SEC on Jan 29 ’24 that McKinney Cassandra M. (EVP) sold a total of 1,616 shares of the company’s common stock. The trade occurred on Jan 29 ’24 and was made at $54.64 per share for $88293.0. Following the transaction, the insider now directly holds 8314.0 shares of the CMA stock.
