Currently, there are 131.90M common shares owned by the public and among those 131.31M shares have been available to trade.
Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 38,250 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 13,506 shares.
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However, the script later moved the day high at 49.77, up 0.43%. The company’s stock has a 5-day price change of 0.10% and 10.00% over the past three months. CMA shares are trading -11.14% year to date (YTD), with the 12-month market performance down to -29.84% lower. It has a 12-month low price of $28.40 and touched a high of $71.14 over the same period. CMA has an average intraday trading volume of 2.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.34%, -6.53%, and 6.37% respectively.
Institutional ownership of Comerica, Inc. (NYSE: CMA) shares accounts for 81.35% of the company’s 131.90M shares outstanding.
It has a market capitalization of $6.57B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 7.68, while the earnings-per-share (ttm) stands at $6.46. The company has a debt-to-equity ratio at 1.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.75% over the week and 3.38% over the month.
Analysts forecast that Comerica, Inc. (CMA) will achieve an EPS of $1.14 for the current quarter, $1.31 for the next quarter and $6.19 for 2025. The lowest estimate earnings-per-share for the quarter is $1 while analysts give the company a high EPS estimate of $1.3. Comparatively, EPS for the current quarter was $2.39 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.06%, and 16.18% over the next financial year. EPS should shrink at an annualized rate of -10.70% over the next five years, compared to -2.20% over the past 5-year period.
Looking at the support for the CMA, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on February 27, 2024, with the firm’s price target at $63-$56. Raymond James was of a view on January 22, 2024 that the stock is Mkt Perform, while Goldman gave the stock Buy rating on January 04, 2024, issuing a price target of $70.50. JP Morgan on their part issued Neutral rating on December 12, 2023.
