Comerica, Inc. (NYSE: CMA) is 12.29% higher on its value in year-to-date trading and has touched a low of $37.54 and a high of $66.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMA stock was last observed hovering at around $61.77 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $62.67, the stock is 2.99% and 6.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 1.46% at the moment leaves the stock 17.12% off its SMA200. CMA registered 58.70% gain for a year compared to 6-month gain of 21.88%. The firm has a 50-day simple moving average (SMA 50) of $58.81 and a 200-day simple moving average (SMA200) of $53.51075.
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The stock witnessed a 5.54% loss in the last 1 month and extending the period to 3 months gives it a 16.68%, and is 1.03% up 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 2.55% over the month.
Comerica, Inc. (CMA) has around 7863 employees, a market worth around $8.31B and $5.03B in sales. Current P/E ratio is 15.62 and Fwd P/E is 11.44. Profit margin for the company is 10.63%. Distance from 52-week low is 66.94% and -5.13% from its 52-week high. The company has generated returns on investments over the last 12 months (3.78%).
with sales reaching $839.66M over the same period.The EPS is expected to shrink by -21.77% this year, but quarterly earnings will post -8.80% year-over-year. Quarterly sales are estimated to grow 7.40% in year-over-year returns.
Comerica, Inc. (CMA) Top Institutional Holders
668.0 institutions hold shares in Comerica, Inc. (CMA), with institutional investors hold 83.56% of the company’s shares. The shares outstanding are 131.90M, and float is at 131.46M with Short Float at 3.44%. Institutions hold 82.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.3 million shares valued at $985.28 million. The investor’s holdings represent 14.6243% of the CMA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.66 million shares valued at $799.49 million to account for 11.8666 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.88 million shares representing 3.6982% and valued at over $250.15 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.0907 of the shares totaling 4.08 million with a market value of $208.23 million.
Comerica, Inc. (CMA) Insider Activity
The most recent transaction is an insider sale by WEBER JAMES HARRY, the company’s Executive Vice President. SEC filings show that WEBER JAMES HARRY sold 6,500 shares of the company’s common stock on Oct 24 ’24 at a price of $63.23 per share for a total of $0.41 million. Following the sale, the insider now owns 15773.0 shares.
Still, SEC filings show that on Oct 22 ’24, Mitchell Bruce (Executive Vice President) disposed off 7,564 shares at an average price of $62.20 for $0.47 million. The insider now directly holds 16,428 shares of Comerica, Inc. (CMA).
