Canadian Imperial Bank Of Commerce (CM) concluded trading on 01/11/24 at a closing price of $46.31, with 3.28 million shares of worth about $151.76 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 Thursday the price saw a loss of about -1.80%. Currently the company’s common shares owned by public are about 931.10M shares, out of which, 930.65M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the CM stock and their offered price forecasts bring an average price target of $63.27. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $71.00 and could fall to a lowest price of $50.00. The stock’s current price level is 8.82% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.38% for the stock. However, touching the estimated high of $71.00 would mean a gain of 34.77% for the stock.
Canadian Imperial Bank Of Commerce (NYSE: CM) started trading at $46.97, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 47.09, or with a loss of -1.80%. Stock saw a price change of -2.38% in past 5 days and over the past one month there was a price change of 7.97%. Year-to-date (YTD), CM shares are showing a performance of -3.80% which increased to 9.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.35 but also hit the highest price of $48.92 during that period. The average intraday trading volume for Canadian Imperial Bank Of Commerce shares is 1.53 million. The stock is currently trading -1.42% below its 20-day simple moving average (SMA20), while that difference is up 9.44% for SMA50 and it goes to 11.85% higher than SMA200.
Canadian Imperial Bank Of Commerce (NYSE: CM) currently have 931.10M outstanding shares and institutions hold larger chunk of about 46.70% of that.
The stock has a current market capitalization of $43.12B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 12.13, while it has posted earnings per share of $3.82 in the same period. Its PEG reads 3.28 while making debt-to-equity ratio of 3.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CM, volatility over the week remained 1.51% while standing at 1.48% over the month.
Stock’s fiscal year EPS is expected to drop by -1.78% while it is estimated to increase by 4.94% in next year. EPS is likely to grow at an annualized rate of 3.70% for next 5-years, compared to annual growth of -3.35% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Canadian Imperial Bank Of Commerce (CM)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.75. Out of those 4 Wall Street analysts, 0 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
