Comerica, Inc (NYSE: CMA) is 2.99% 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 $64.25 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $63.70, the stock is -4.38% and -1.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -0.86% at the moment leaves the stock 7.51% off its SMA200. CMA registered 28.58% gain for a year compared to 6-month gain of 10.82%.
The stock witnessed a 1.45% loss in the last 1 month and extending the period to 3 months gives it a -7.55%, and is -5.99% 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 3.14% over the week and 2.74% over the month.
Comerica, Inc (CMA) has around 7928 employees, a market worth around $8.37B and $4.84B in sales. Current P/E ratio is 12.69 and Fwd P/E is 10.88. Profit margin for the company is 13.86%. Distance from 52-week low is 40.56% and -13.27% from its 52-week high. The company has generated returns on investments over the last 12 months (5.52%).
The EPS is expected to grow by 5.20% this year
The shares outstanding are 131.41M, and float is at 130.10M with Short Float at 3.17%.
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 3.6704 and valued at over $$250.15 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.0675 of the shares totaling 4.08 million with a market value of $$208.23 million.
Comerica, Inc (CMA) Insider Activity
Comerica, Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Bailey Corey R (Executive Vice President) sold a total of 1,857 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $71.36 per share for $0.13 million. Following the transaction, the insider now directly holds 25817.0 shares of the CMA stock.
Still, SEC filings show that on Dec 02 ’24, Bailey Corey R (Officer) Proposed Sale 1,857 shares at an average price of $71.36 for $0.13 million. The insider now directly holds shares of Comerica, Inc (CMA).
