Comerica, Inc (NYSE: CMA) is -17.06% 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 $55.10 in the last trading session, with the day’s loss setting it -3.8%.
Currently trading at $51.30, the stock is -10.04% and -16.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -6.90% at the moment leaves the stock -15.10% off its SMA200. CMA registered -5.80% loss for a year compared to 6-month loss of -11.37%. The firm has a 50-day simple moving average (SMA 50) of $61.2332 and a 200-day simple moving average (SMA200) of $60.4251.
The stock witnessed a -11.17% gain in the last 1 month and extending the period to 3 months gives it a -17.64%, and is -3.70% 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 9.69% over the week and 4.51% over the month.
Comerica, Inc (CMA) has around 7928 employees, a market worth around $6.73B and $4.84B in sales. Current P/E ratio is 10.22 and Fwd P/E is 8.79. Profit margin for the company is 13.86%. Distance from 52-week low is 13.20% and -30.16% 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 4.28% this year
738.0 institutions hold shares in Comerica, Inc (CMA), with institutional investors hold 84.52% of the company’s shares. The shares outstanding are 131.41M, and float is at 129.90M with Short Float at 3.52%. Institutions hold 83.89% 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 14.5143 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
Still, SEC filings show that on Dec 02 ’24, Bailey Corey R (Executive Vice President) disposed off 1,857 shares at an average price of $71.36 for $0.13 million. The insider now directly holds 25,817 shares of Comerica, Inc (CMA).
