Canadian Imperial Bank Of Commerce [NYSE: CM] jumped around 0.09 points on Tuesday, while shares priced at $64.37 at the close of the session, up 0.14%.
Compared to the average trading volume of 1.03M shares, CM reached a trading volume of 3326451 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say 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 $60.48 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 1.50. 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 0.99, with the Price to Sales ratio for CM stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 1.57. Price to Free Cash Flow for CM in the course of the last twelve months was 5.40.
How has CM stock performed recently?
Canadian Imperial Bank Of Commerce [CM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, CM shares dropped by -1.61% in over the last four-week period, additionally plugging by 33.74% over the last 6 months – not to mention a rise of 33.02% 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 46.66, with the RSI for the last a single of trading hit 42.23, and the three-weeks RSI is set at 50.19 for Canadian Imperial Bank Of Commerce [CM]. The present Moving Average for the last 50 days of trading for this stock 64.22, while it was recorded at 64.18 for the last single week of trading, and 54.92 for the last 200 days.
Canadian Imperial Bank Of Commerce [CM]: Deeper insight into the fundamentals
Canadian Imperial Bank Of Commerce’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.34.
Earnings analysis for Canadian Imperial Bank Of Commerce [CM]
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 4.61%.
Insider trade positions for Canadian Imperial Bank Of Commerce [CM]
There are presently around $52.46%, or 52.47%% 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 75.7 million shares, which is approximately 8.0714%. 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%.
