A share price of Comerica, Inc [CMA] is currently trading at $70.31, up 11.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMA shares have gain 9.06% over the last week, with a monthly amount glided 21.48%, 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 October 07, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $52 from $55. Previously, Wedbush upgraded its rating to Outperform on September 24, 2024, and elevated its price target to $75. On September 05, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $69 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $53 on July 22, 2024. Raymond James upgraded its rating to a Outperform but $60 remained the price target by the analyst firm on July 02, 2024. Citigroup downgraded its rating to Neutral for this stock on May 06, 2024, but kept the price target unchanged to $56. In a note dated April 10, 2024, Deutsche Bank initiated an Hold rating and provided a target price of $59 on this stock.
Comerica, Inc experienced fluctuations in its stock price throughout the past year between $40.41 and $66.06. Currently, Wall Street analysts expect the stock to reach $69.01 within the next 12 months. Comerica, Inc [NYSE: CMA] shares were valued at $70.31 at the most recent close of the market. An investor can expect a potential drop of -1.85% based on the average CMA price forecast.
Analyzing the CMA fundamentals
Trailing Twelve Months sales for Comerica, Inc [NYSE:CMA] were 4.99B which represents -9.88% decline. Gross Profit Margin for this corporation currently stands at 0.98% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.92.
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 68.88 points at the first support level, and at 67.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.06, and for the 2nd resistance point, it is at 71.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Comerica, Inc [NYSE:CMA] is 0.30. Considering the valuation of this stock, the price to sales ratio is 1.85, the price to book ratio is 1.34 and price to earnings (TTM) ratio is 17.57.
Transactions by insiders
Recent insider trading involved WEBER JAMES HARRY, Executive Vice President, that happened on Oct 24 ’24 when 6500.0 shares were sold. Officer, WEBER JAMES HARRY completed a deal on Oct 24 ’24 to buy 6500.0 shares. Meanwhile, Executive Vice President Mitchell Bruce sold 7564.0 shares on Oct 22 ’24.
