Comerica, Inc [NYSE: CMA] closed the trading session at $68.90.
The stocks have a year to date performance of 23.45 percent and weekly performance of -1.68 percent. The stock has been moved at 37.14 percent over the last six months. The stock has performed 11.09 percent around the most recent 30 days and changed 19.87 percent over the most recent 3-months.
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If compared to the average trading volume of 1.87M shares, CMA reached to a volume of 3091766 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $69.26 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 2.57. 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.
Wells Fargo have made an estimate for Comerica, Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $55 to $52. The new note on the price target was released on October 07, 2024, representing the official price target for Comerica, Inc stock. Previously, the target price had yet another raise from $52 to $75, while Wedbush kept a Outperform rating on CMA stock.
The Average True Range (ATR) for Comerica, Inc is set at 2.11, with the Price to Sales ratio for CMA stock in the period of the last 12 months amounting to 1.82. The Price to Book ratio for the last quarter was 1.31. Price to Free Cash Flow for CMA in the course of the last twelve months was 4.77.
CMA stock trade performance evaluation
Comerica, Inc [CMA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.68. With this latest performance, CMA shares gained by 11.09% in over the last four-week period, additionally plugging by 37.14% over the last 6 months – not to mention a rise of 57.45% 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 61.15, with the RSI for the last a single of trading hit 59.94, and the three-weeks RSI is set at 61.48 for Comerica, Inc [CMA]. The present Moving Average for the last 50 days of trading for this stock 62.83, while it was recorded at 68.35 for the last single week of trading, and 54.79 for the last 200 days.
Comerica, Inc [CMA]: An insightful look at the core fundamentals
Comerica, Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.30.
Earnings per share (EPS) analysis for Comerica, Inc [CMA] stock
With the latest financial reports released by the company, Comerica, Inc posted 1.46/share EPS, while the average EPS was predicted by analysts to be reported at 1.39/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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 9.73%.
Comerica, Inc [CMA]: Institutional Ownership
There are presently around $87.83%, or 88.52%% of CMA stock, in the hands of institutional investors. The top three institutional holders of CMA stocks are: BLACKROCK INC. with ownership of 19.3 million shares, which is approximately 14.6243%. VANGUARD GROUP INC, holding 15.66 million shares of the stock with an approximate value of $$799.49 million in CMA stocks shares; and VANGUARD GROUP INC, currently with $$250.15 million in CMA stock with ownership which is approximately 3.6982%.
