Take off with Comerica, Inc. (CMA): Get ready for trading

With 2.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.54 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $60.988 whereas the lowest price it dropped to was $57.925. The 52-week range on CMA shows that it touched its highest point at $59.14 and its lowest point at $37.40 during that stretch. It currently has a 1-year price target of $56.38. With its current market cap of 7.92 billion, CMA has annualized dividend of $2.84 while the current yield stands at 4.76%. Beta for the stock currently stands at 1.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CMA was up-trending over the past week, with a rise of 5.81%, but this was up by 5.55% over a month. Three-month performance surged to 26.64% while six-month performance rose 19.71%. The stock gained 38.00% in the past year, while it has gained 6.97% so far this year. A look at the trailing 12-month EPS for CMA yields 4.52 with Next year EPS estimates of 5.31. For the next quarter, that number is 1.13. This implies an EPS growth rate of -24.77% for this year and 9.69% for next year. EPS is expected to decline by -10.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.20%.

Float and Shares Shorts:

At present, 131.90 million CMA shares are outstanding with a float of 131.46 million shares on hand for trading. On 2024-08-30, short shares totaled 5.07 million, which was 382.0 higher than short shares on 1722384000. In addition to Mr. Curtis Chatman Farmer as the firm’s Chairman, CEO & President, Mr. James J. Herzog serves as its CFO & Senior EVP.

Institutional Ownership:

Through their ownership of 0.83002996 of CMA’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CMA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.