With 1.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.37 million shares. The 52-week range on CMA shows that it touched its highest point at $73.45 and its lowest point at $45.32 during that stretch. It currently has a 1-year price target of $69.06. With its current market cap of 8.81 billion, CMA has annualized dividend of $2.84 while the current yield stands at 4.24%. Beta for the stock currently stands at 1.26.
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 0.22%, but this was up by 0.95% over a month. Three-month performance dropped to -2.77% while six-month performance rose 18.48%. The stock gained 33.11% in the past year, while it has gained 8.34% so far this year. A look at the trailing 12-month EPS for CMA yields 5.02 with Next year EPS estimates of 5.85. For the next quarter, that number is 1.16. This implies an EPS growth rate of 5.20% for this year and 10.84% for next year. EPS is expected to grow by 8.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.64%.
Float and Shares Shorts:
At present, 131.41 million CMA shares are outstanding with a float of 130.22 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.18092 being high and $5.06705 being low. For CMA, this leads to a yearly average estimate of $5.10501. Based on analyst estimates, the high estimate for the next quarter is $1.45 and the low estimate is $1.22. The average estimate for the next quarter is thus $1.3.
