At the time of writing, Comerica, Inc. [CMA] stock is trading at $47.08, up 0.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMA shares have lost -0.36% over the last week, with a monthly amount drifted -13.63%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Comerica, Inc. [NYSE: CMA] stock has seen the most recent analyst activity on May 06, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $56 for it. Previously, Deutsche Bank started tracking the stock with Hold rating on April 10, 2024, and set its price target to $59. On February 27, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $56 on the stock. Argus downgraded its rating to a Hold. Raymond James downgraded its rating to a Mkt Perform. Goldman upgraded its rating to Buy for this stock on January 04, 2024, but kept the price target unchanged to $70.50. In a note dated December 12, 2023, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $57.
For the past year, the stock price of Comerica, Inc. fluctuated between $37.40 and $57.39. Currently, Wall Street analysts expect the stock to reach $77.06 within the next 12 months. Comerica, Inc. [NYSE: CMA] shares were valued at $47.08 at the most recent close of the market. An investor can expect a potential return of 63.68% based on the average CMA price forecast.
Analyzing the CMA fundamentals
According to Comerica, Inc. [NYSE:CMA], the company’s sales were 5.25B for trailing twelve months, which represents an 5.57% jump. Gross Profit Margin for this corporation currently stands at 1.01% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.21%, 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 0.04. 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 46.26 points at the first support level, and at 45.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.50, and for the 2nd resistance point, it is at 47.92.
Ratios To Look Out For
It is important to note that Comerica, Inc. [NYSE:CMA] has a current ratio of 0.23. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 9.33.
Transactions by insiders
Recent insider trading involved McKinney Cassandra M., EVP, that happened on Apr 24 ’24 when 7271.0 shares were sold. EVP, Bridges Wendy completed a deal on Feb 12 ’24 to sell 3034.0 shares. Meanwhile, EVP McKinney Cassandra M. sold 1616.0 shares on Jan 29 ’24.
