Comerica, Inc [CMA] stock prices are down -0.12% to $72.64 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMA shares have gain 7.19% over the last week, with a monthly amount glided 15.91%, 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 November 15, 2024, when Wells Fargo upgraded its rating to a Equal Weight but kept the price target unchanged to $73 for it. Previously, BofA Securities downgraded its rating to Underperform on October 07, 2024, and dropped its price target to $52. On September 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $75 on the stock. Keefe Bruyette upgraded its rating to a Outperform but stick to its price target of $69 on September 05, 2024. Truist downgraded its rating to a Hold and reduced its price target to $53 on July 22, 2024. Raymond James upgraded its rating to Outperform for this stock on July 02, 2024, but kept the price target unchanged to $60. In a note dated May 06, 2024, Citigroup downgraded an Neutral rating on this stock but restated the target price of $56.
The stock price of Comerica, Inc [CMA] has been fluctuating between $42.55 and $73.45 over the past year. Currently, Wall Street analysts expect the stock to reach $69.69 within the next 12 months. Comerica, Inc [NYSE: CMA] shares were valued at $72.64 at the most recent close of the market. An investor can expect a potential drop of -4.06% based on the average CMA price forecast.
Analyzing the CMA fundamentals
The Comerica, Inc [NYSE:CMA] reported sales of 4.99B for trailing twelve months, representing a drop of -9.88%. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.15%, 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 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.92.
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 72.07 points at the first support level, and at 71.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.14, and for the 2nd resistance point, it is at 73.65.
Ratios To Look Out For
It’s worth pointing out that Comerica, Inc [NYSE:CMA]’s Current Ratio is 0.30. Considering the valuation of this stock, the price to sales ratio is 1.91, the price to book ratio is 1.38 and price to earnings (TTM) ratio is 18.15.
Transactions by insiders
Recent insider trading involved Fleming Allysun C, Executive Vice President, that happened on Nov 07 ’24 when 1392.0 shares were sold. Officer, Fleming Allysun C completed a deal on Nov 07 ’24 to buy 1392.0 shares. Meanwhile, Executive Vice President WEBER JAMES HARRY sold 6500.0 shares on Oct 24 ’24.
