A share price of Comerica, Inc. [CMA] is currently trading at $55.56, down -0.38%. 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 11.28% over the last week, with a monthly amount glided 19.66%, and 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 July 02, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $60 for it. Previously, Citigroup downgraded its rating to Neutral on May 06, 2024, and kept the price target unchanged to $56. On April 10, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $59 on the stock. DA Davidson downgraded its rating to a Neutral and decreased its price target to $56 on February 27, 2024. Argus downgraded its rating to a Hold. Raymond James downgraded its rating to Mkt Perform for this stock on January 22, 2024. In a note dated January 04, 2024, Goldman upgraded an Buy rating on this stock but restated the target price of $70.50.
Comerica, Inc. experienced fluctuations in its stock price throughout the past year between $37.40 and $57.39. Currently, Wall Street analysts expect the stock to reach $74.68 within the next 12 months. Comerica, Inc. [NYSE: CMA] shares were valued at $55.56 at the most recent close of the market. An investor can expect a potential return of 34.41% based on the average CMA price forecast.
Analyzing the CMA fundamentals
Trailing Twelve Months sales for Comerica, Inc. [NYSE:CMA] were 5.25B which represents 5.57% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.18.
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 55.07 points at the first support level, and at 54.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.96, and for the 2nd resistance point, it is at 56.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Comerica, Inc. [NYSE:CMA] is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 1.30 and price to earnings (TTM) ratio is 11.02.
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.
