Currently, Comerica, Inc. [CMA] is trading at $52.61, up 2.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CMA shares have gain 3.46% over the last week, with a monthly amount drifted -0.55%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Comerica, Inc. [NYSE: CMA] stock has seen the most recent analyst activity on April 10, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $59. Previously, DA Davidson downgraded its rating to Neutral on February 27, 2024, and dropped its price target to $56. On January 29, 2024, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. Goldman upgraded its rating to a Buy but $70.50 remained the price target by the analyst firm on January 04, 2024. JP Morgan downgraded its rating to Neutral for this stock on December 12, 2023, but kept the price target unchanged to $57. In a note dated November 03, 2023, Wedbush downgraded an Neutral rating on this stock and revised its target price from $47 to $45.
This stock has fluctuated between a low of $28.40 and a high of $57.39 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $78.44 within the next 12 months. Comerica, Inc. [NYSE: CMA] shares were valued at $52.61 at the most recent close of the market. An investor can expect a potential return of 49.1% based on the average CMA price forecast.
Analyzing the CMA fundamentals
Trailing Twelve Months sales for Comerica, Inc. [NYSE:CMA] were 5.28B which represents 8.11% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.75 points at the first support level, and at 50.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.11, and for the 2nd resistance point, it is at 53.62.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Comerica, Inc. [NYSE:CMA] is 0.10. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 10.44.
Transactions by insiders
Recent insider trading involved Bridges Wendy, EVP, that happened on Feb 12 ’24 when 3034.0 shares were sold. EVP, McKinney Cassandra M. completed a deal on Jan 29 ’24 to sell 1616.0 shares.
