Comerica, Inc (NYSE: CMA) is 9.59% higher on its value in year-to-date trading and has touched a low of $45.32 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 $60.01 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $61.16, the stock is -10.14% and -7.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.81 million and changing 1.92% at the moment leaves the stock 8.13% off its SMA200. CMA registered 13.60% gain for a year compared to 6-month gain of 26.05%. The firm has a 50-day simple moving average (SMA 50) of $66.3866 and a 200-day simple moving average (SMA200) of $56.5608.
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The stock witnessed a -9.90% loss in the last 1 month and extending the period to 3 months gives it a 1.59%, and is -8.14% 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 4.01% over the week and 3.07% over the month.
Comerica, Inc (CMA) has around 7863 employees, a market worth around $8.20B and $4.99B in sales. Current P/E ratio is 15.28 and Fwd P/E is 11.18. Profit margin for the company is 10.72%. Distance from 52-week low is 34.95% and -16.73% from its 52-week high. The company has generated returns on investments over the last 12 months (3.78%).
with sales reaching $838.89M over the same period.The EPS is expected to shrink by -21.10% this year, but quarterly earnings will post -8.68% year-over-year. Quarterly sales are estimated to grow 7.27% in year-over-year returns.
Comerica, Inc (CMA) Top Institutional Holders
682.0 institutions hold shares in Comerica, Inc (CMA), with institutional investors hold 88.82% of the company’s shares. The shares outstanding are 132.72M, and float is at 130.34M with Short Float at 3.87%. Institutions hold 88.13% 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 Bailey Corey R, the company’s Executive Vice President. SEC filings show that Bailey Corey R sold 1,857 shares of the company’s common stock on Dec 02 ’24 at a price of $71.36 per share for a total of $0.13 million. Following the sale, the insider now owns 25817.0 shares.
Still, SEC filings show that on Nov 07 ’24, Fleming Allysun C (Executive Vice President) disposed off 1,392 shares at an average price of $68.83 for $95804.0. The insider now directly holds 8,730 shares of Comerica, Inc (CMA).
