At the time of writing, Comerica, Inc. [CMA] stock is trading at $60.46, up 0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMA shares have gain 3.32% over the last week, with a monthly amount glided 5.18%, 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 September 24, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $75 from $52. Previously, Keefe Bruyette upgraded its rating to Outperform on September 05, 2024, and kept the price target unchanged to $69. On July 22, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $53 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $60 on July 02, 2024. Citigroup downgraded its rating to a Neutral but $56 remained the price target by the analyst firm on May 06, 2024. Deutsche Bank started tracking with a Hold rating for this stock on April 10, 2024, and assigned it a price target of $59. In a note dated February 27, 2024, DA Davidson downgraded an Neutral rating on this stock and revised its target price from $63 to $56.
For the past year, the stock price of Comerica, Inc. fluctuated between $37.40 and $61.84. Currently, Wall Street analysts expect the stock to reach $73.42 within the next 12 months. Comerica, Inc. [NYSE: CMA] shares were valued at $60.46 at the most recent close of the market. An investor can expect a potential return of 21.44% based on the average CMA price forecast.
Analyzing the CMA fundamentals
According to Comerica, Inc. [NYSE:CMA], the company’s sales were 5.12B for trailing twelve months, which represents an -9.24% plunge. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.11 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.36.
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 59.89 points at the first support level, and at 59.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.25, and for the 2nd resistance point, it is at 62.05.
Ratios To Look Out For
It is important to note that Comerica, Inc. [NYSE:CMA] has a current ratio of 0.21. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 13.37.
Transactions by insiders
Recent insider trading involved Moore Christine M, EVP and General Auditor, that happened on Aug 23 ’24 when 2545.0 shares were sold. Officer, Moore Christine M completed a deal on Aug 23 ’24 to buy 2545.0 shares. Meanwhile, EVP McKinney Cassandra M. sold 7271.0 shares on Apr 24 ’24.
