Comerica, Inc (NYSE: CMA) is 29.58% higher on its value in year-to-date trading and has touched a low of $42.55 and a high of $73.45 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 $72.64 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $72.32, the stock is 5.46% and 13.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -0.44% at the moment leaves the stock 30.99% off its SMA200. CMA registered 65.95% gain for a year compared to 6-month gain of 44.47%. The firm has a 50-day simple moving average (SMA 50) of $63.9282 and a 200-day simple moving average (SMA200) of $55.2109.
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The stock witnessed a 15.31% loss in the last 1 month and extending the period to 3 months gives it a 27.98%, and is 6.54% 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 3.99% over the week and 2.77% over the month.
Comerica, Inc (CMA) has around 7863 employees, a market worth around $9.47B and $4.99B in sales. Current P/E ratio is 18.07 and Fwd P/E is 13.18. Profit margin for the company is 10.72%. Distance from 52-week low is 69.96% and -1.54% from its 52-week high. The company has generated returns on investments over the last 12 months (3.78%).
The EPS is expected to shrink by -21.54% this year
682.0 institutions hold shares in Comerica, Inc (CMA), with institutional investors hold 88.71% of the company’s shares. The shares outstanding are 131.90M, and float is at 130.33M with Short Float at 3.52%. Institutions hold 88.01% 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 Fleming Allysun C, the company’s Executive Vice President. SEC filings show that Fleming Allysun C sold 1,392 shares of the company’s common stock on Nov 07 ’24 at a price of $68.83 per share for a total of $95804.0. Following the sale, the insider now owns 8730.0 shares.
Still, SEC filings show that on Oct 24 ’24, WEBER JAMES HARRY (Executive Vice President) disposed off 6,500 shares at an average price of $63.23 for $0.41 million. The insider now directly holds 15,773 shares of Comerica, Inc (CMA).
