Comerica, Inc (NYSE: CMA) is -0.65% lower 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 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 $61.85 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $61.45, the stock is -4.86% and -7.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -0.65% at the moment leaves the stock 7.91% off its SMA200. CMA registered 8.76% gain for a year compared to 6-month gain of 22.05%. The firm has a 50-day simple moving average (SMA 50) of $66.3256 and a 200-day simple moving average (SMA200) of $56.94325.
The stock witnessed a -13.50% loss in the last 1 month and extending the period to 3 months gives it a 5.71%, and is -1.55% 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 1.97% over the week and 2.57% over the month.
Comerica, Inc (CMA) has around 7863 employees, a market worth around $8.08B and $4.99B in sales. Current P/E ratio is 15.36 and Fwd P/E is 11.30. Profit margin for the company is 10.72%. Distance from 52-week low is 35.59% and -16.34% 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 -20.98% this year
681.0 institutions hold shares in Comerica, Inc (CMA), with institutional investors hold 88.87% of the company’s shares. The shares outstanding are 132.72M, and float is at 130.34M with Short Float at 4.98%. Institutions hold 88.21% 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).
