Canadian Imperial Bank Of Commerce [NYSE: CM] gained 1.37% on the last trading session, reaching $59.73 price per share at the time.
If compared to the average trading volume of 1.22M shares, CM reached a trading volume of 2382674 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Canadian Imperial Bank Of Commerce [CM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CM shares is $57.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CM stock is a recommendation set at 2.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Canadian Imperial Bank Of Commerce shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 30, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on July 02, 2024, representing the official price target for Canadian Imperial Bank Of Commerce stock.
The Average True Range (ATR) for Canadian Imperial Bank Of Commerce is set at 1.05, with the Price to Sales ratio for CM stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 1.48. Price to Free Cash Flow for CM in the course of the last twelve months was 3.22.
Trading performance analysis for CM stock
Canadian Imperial Bank Of Commerce [CM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.54. With this latest performance, CM shares gained by 19.89% in over the last four-week period, additionally plugging by 21.75% over the last 6 months – not to mention a rise of 50.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CM stock in for the last two-week period is set at 80.94, with the RSI for the last a single of trading hit 84.77, and the three-weeks RSI is set at 77.04 for Canadian Imperial Bank Of Commerce [CM]. The present Moving Average for the last 50 days of trading for this stock 51.38, while it was recorded at 58.50 for the last single week of trading, and 48.09 for the last 200 days.
Canadian Imperial Bank Of Commerce [CM]: A deeper dive into fundamental analysis
Canadian Imperial Bank Of Commerce’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.28.
Canadian Imperial Bank Of Commerce [CM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Canadian Imperial Bank Of Commerce posted 1.16/share EPS, while the average EPS was predicted by analysts to be reported at 1.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Canadian Imperial Bank Of Commerce go to 5.30%.
An analysis of Institutional ownership at Canadian Imperial Bank Of Commerce [CM]
There are presently around $54.17%, or 54.18%% of CM stock, in the hands of institutional investors. The top three institutional holders of CM stocks are: ROYAL BANK OF CANADA with ownership of 75.77 million shares, which is approximately 8.0791%. BANK OF MONTREAL /CAN/, holding 50.63 million shares of the stock with an approximate value of $$2.57 billion in CM stocks shares; and BANK OF MONTREAL /CAN/, currently with $$1.8 billion in CM stock with ownership which is approximately 4.0366%.
