Comerica, Inc (NYSE: CMA) is 27.29% higher on its value in year-to-date trading and has touched a low of $44.63 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 $72.25 in the last trading session, with the day’s loss setting it -1.21%.
Currently trading at $71.04, the stock is 2.35% and 10.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -1.67% at the moment leaves the stock 28.19% off its SMA200. CMA registered 57.10% gain for a year compared to 6-month gain of 43.08%. The firm has a 50-day simple moving average (SMA 50) of $64.1508 and a 200-day simple moving average (SMA200) of $55.32005.
The stock witnessed a 11.51% loss in the last 1 month and extending the period to 3 months gives it a 27.22%, and is -0.07% 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 1.98% over the week and 2.67% over the month.
Comerica, Inc (CMA) has around 7863 employees, a market worth around $9.33B and $4.99B in sales. Current P/E ratio is 17.75 and Fwd P/E is 12.95. Profit margin for the company is 10.72%. Distance from 52-week low is 59.18% and -3.28% from its 52-week high. The company has generated returns on investments over the last 12 months (3.78%).
with sales reaching $840.69M over the same period.The EPS is expected to shrink by -21.54% this year, but quarterly earnings will post -8.72% year-over-year. Quarterly sales are estimated to grow 7.51% in year-over-year returns.
Comerica, Inc (CMA) Top Institutional Holders
682.0 institutions hold shares in Comerica, Inc (CMA), with institutional investors hold 88.72% of the company’s shares. The shares outstanding are 132.72M, and float is at 130.33M with Short Float at 3.52%. Institutions hold 88.03% 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
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Comerica, Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Fleming Allysun C (Executive Vice President) sold a total of 1,392 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $68.83 per share for $95804.0. Following the transaction, the insider now directly holds 8730.0 shares of the CMA stock.
Still, SEC filings show that on Nov 07 ’24, Fleming Allysun C (Officer) Proposed Sale 1,392 shares at an average price of $68.83 for $95804.0. The insider now directly holds shares of Comerica, Inc (CMA).
