Comerica, Inc. (CMA) concluded trading on Thursday at a closing price of $56.33, with 2.64 million shares of worth about $148.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.93% during that period and on July 18, 2024 the price saw a loss of about -1.90%. Currently the company’s common shares owned by public are about 131.90M shares, out of which, 131.44M shares are available for trading.
Stock saw a price change of 1.00% in past 5 days and over the past one month there was a price change of 19.65%. Year-to-date (YTD), CMA shares are showing a performance of 0.93% which increased to 12.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.40 but also hit the highest price of $58.50 during that period. The average intraday trading volume for Comerica, Inc. shares is 2.36 million. The stock is currently trading 10.03% above its 20-day simple moving average (SMA20), while that difference is up 10.30% for SMA50 and it goes to 13.45% higher than SMA200.
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Comerica, Inc. (NYSE: CMA) currently have 131.90M outstanding shares and institutions hold larger chunk of about 82.21% of that.
The stock has a current market capitalization of $7.47B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 11.17, while it has posted earnings per share of $5.04 in the same period. It has a debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CMA, volatility over the week remained 2.84% while standing at 2.66% over the month.
Stock’s fiscal year EPS is expected to drop by -25.55% while it is estimated to increase by 22.82% in next year. EPS is likely to shrink at an annualized rate of -10.70% for next 5-years, compared to annual growth of -2.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on July 02, 2024 offering an Outperform rating for the stock and assigned a target price of $60 to it. Coverage by Citigroup stated Comerica, Inc. (CMA) stock as a Neutral in their note to investors on May 06, 2024, suggesting a price target of $56 for the stock. On April 10, 2024, Deutsche Bank Initiated their recommendations, while on February 27, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $56. Stock get a Hold rating from Argus on January 29, 2024.
