Comerica, Inc (CMA) concluded trading on Thursday at a closing price of $66.47, with 3.47 million shares of worth about $230.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.96% during that period and on December 12, 2024 the price saw a loss of about -0.36%. Currently the company’s common shares owned by public are about 132.72M shares, out of which, 130.34M shares are available for trading.
Stock saw a price change of -4.93% in past 5 days and over the past one month there was a price change of -5.04%. Year-to-date (YTD), CMA shares are showing a performance of 19.10% which increased to 34.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.32 but also hit the highest price of $73.45 during that period. The average intraday trading volume for Comerica, Inc shares is 1.87 million. The stock is currently trading -4.59% below its 20-day simple moving average (SMA20), while that difference is up 0.96% for SMA50 and it goes to 18.31% higher than SMA200.
Comerica, Inc (NYSE: CMA) currently have 132.72M outstanding shares and institutions hold larger chunk of about 86.89% of that.
The stock has a current market capitalization of $8.74B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 16.61, while it has posted earnings per share of $4.00 in the same period. Its PEG reads 1.71 while making debt-to-equity ratio of 0.92. 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 2.58% while standing at 2.68% over the month.
Stock’s fiscal year EPS is expected to drop by -21.40% while it is estimated to increase by 8.69% in next year. EPS is likely to grow at an annualized rate of 9.73% 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 Wells Fargo on November 15, 2024 offering an Equal weight rating for the stock and assigned a target price of $73 to it. Coverage by BofA Securities stated Comerica, Inc (CMA) stock as an Underperform in their note to investors on October 07, 2024, suggesting a price target of $52 for the stock. On September 24, 2024, Wedbush Upgrade their recommendations, while on September 05, 2024, Keefe Bruyette Upgrade their ratings for the stock with a price target of $69. Stock get a Hold rating from Truist on July 22, 2024.
