Comerica, Inc. [NYSE: CMA] stock went on a downward path that fall over -2.89% on Thursday, amounting to a one-week price decrease of less than -7.11%. The company report on January 25, 2024 at 4:36 PM that Comerica Bank’s North Texas Prom Dress Drive Returns in February.
Comerica Bank will host its ninth annual North Texas Prom Dress Drive, Feb. 1-29, at six participating banking centers. Donations will benefit local teens served by Boys & Girls Clubs of Collin County, Dallas CASA and Boys & Girls Clubs of Greater Dallas, who otherwise may not be able to afford formal attire and experience the high school tradition of prom.
“Through generous donations from our customers, colleagues and the community, we have been able to send thousands of teens to prom in their dream dress over the past eight years,” said Beatrice Kelly, Comerica Bank Senior Vice President and Director of Community Development Banking. “As this year’s chair of the Comerica North Texas Women’s Forum board, I look forward to helping make this time-honored tradition a reality for even more teens as we expand our reach and provide donations to an additional nonprofit, the Boys & Girls Clubs of Collin County, in 2024.”.
Over the last 12 months, CMA stock dropped by -30.35%. The one-year Comerica, Inc. stock forecast points to a potential upside of 14.47. The average equity rating for CMA stock is currently 2.42, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.73 billion, with 131.90 million shares outstanding and 130.81 million shares in the current float. Compared to the average trading volume of 1.94M shares, CMA stock reached a trading volume of 4378702 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Comerica, Inc. [CMA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMA shares is $59.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMA stock is a recommendation set at 2.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for Comerica, Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 29, 2024.
The Average True Range (ATR) for Comerica, Inc. is set at 1.84, with the Price to Sales ratio for CMA stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 1.12. Price to Free Cash Flow for CMA in the course of the last twelve months was 11.06.
CMA Stock Performance Analysis:
Comerica, Inc. [CMA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.11. With this latest performance, CMA shares dropped by -9.63% in over the last four-week period, additionally sinking by -1.66% over the last 6 months – not to mention a drop of -30.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMA stock in for the last two-week period is set at 38.91, with the RSI for the last a single of trading hit 30.49, and the three-weeks RSI is set at 44.85 for Comerica, Inc. [CMA]. The present Moving Average for the last 50 days of trading for this stock 52.17, while it was recorded at 54.00 for the last single week of trading, and 45.57 for the last 200 days.
Insight into Comerica, Inc. Fundamentals:
Comerica, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.32.
CMA Stock EPS
With the latest financial reports released by the company, Comerica, Inc. posted 2.39/share EPS, while the average EPS was predicted by analysts to be reported at 2.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comerica, Inc. go to -10.70%.
Comerica, Inc. [CMA] Institutonal Ownership Details
The top three institutional holders of CMA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CMA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CMA stock with ownership which is approximately 5.8325%.
