With 3.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.87 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $70.445 whereas the lowest price it dropped to was $64.01. The 52-week range on CMA shows that it touched its highest point at $71.63 and its lowest point at $42.55 during that stretch. It currently has a 1-year price target of $69.26. With its current market cap of 9.06 billion, CMA has annualized dividend of $2.84 while the current yield stands at 4.12%. Beta for the stock currently stands at 1.24.
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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 down-trending over the past week, with a drop of -1.68%, but this was up by 11.09% over a month. Three-month performance surged to 19.87% while six-month performance rose 37.14%. The stock gained 57.45% in the past year, while it has gained 23.45% so far this year. A look at the trailing 12-month EPS for CMA yields 4.00 with Next year EPS estimates of 5.49. For the next quarter, that number is 1.25. This implies an EPS growth rate of -21.54% for this year and 8.59% for next year. EPS is expected to grow by 9.73% 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 130.31 million shares on hand for trading. On 2024-10-31, short shares totaled 5.12 million, which was 389.00003 higher than short shares on 1727654400. 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 0.8783 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 12 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CMA analysts setting a high price target of 80.0 and a low target of 57.0, the average target price over the next 12 months is 68.11143. Based on these targets, CMA could surge 16.11% to reach the target high and fall by -17.27% to reach the target low. Reaching the average price target will result in a decline of -1.14% from current levels.
Analysts have provided yearly estimates in a range of $5.1184 being high and $4.98668 being low. For CMA, this leads to a yearly average estimate of $5.05254. The surprise factor in the prior quarter was $1.19. Based on analyst estimates, the high estimate for the next quarter is $1.35 and the low estimate is $0.89. The average estimate for the next quarter is thus $1.2.
