Are Analysts Expecting A Better 2020 For Canadian Imperial Bank Of Commerce (CM)?

Canadian Imperial Bank Of Commerce (CM) concluded trading on Tuesday at a closing price of $64.37, with 3.33 million shares of worth about $214.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.74% during that period and on December 24, 2024 the price saw a gain of about 0.14%. Currently the company’s common shares owned by public are about 942.29M shares, out of which, 888.58M shares are available for trading.

Stock saw a price change of -2.11% in past 5 days and over the past one month there was a price change of -1.61%. Year-to-date (YTD), CM shares are showing a performance of 33.71% which increased to 33.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.86 but also hit the highest price of $67.45 during that period. The average intraday trading volume for Canadian Imperial Bank Of Commerce shares is 1.03 million. The stock is currently trading -1.26% below its 20-day simple moving average (SMA20), while that difference is up 0.23% for SMA50 and it goes to 17.21% higher than SMA200.

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Canadian Imperial Bank Of Commerce (NYSE: CM) currently have 942.29M outstanding shares and institutions hold larger chunk of about 48.21% of that.

The stock has a current market capitalization of $60.33B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 12.04, while it has posted earnings per share of $5.34 in the same period. Its PEG reads 2.61 while making debt-to-equity ratio of 3.34. 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 1.72% while standing at 1.49% over the month.

Stock’s fiscal year EPS is expected to rise by 4.18% while it is estimated to increase by 8.44% in next year. EPS is likely to shrink at an annualized rate of 4.61% for next 5-years, compared to annual growth of 4.88% made by the stock over the past 5-years.

Stock get a Buy rating from Jefferies on February 22, 2024.

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