At the time of writing, Canadian Imperial Bank Of Commerce [CM] stock is trading at $49.45, down -0.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CM shares have lost -1.24% over the last week, with a monthly amount glided 1.39%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, CIBC Announces Election of Directors at 2024 Annual Meeting. In a post published today on Yahoo Finance, CIBC (TSX: CM) (NYSE: CM) announced today that the nominees listed in its Management Proxy Circular dated February 14, 2024 were elected as Directors of CIBC.
From an analyst’s perspective:
On February 20, 2024, upgrade upgraded it’s rating to Sector Outperform. National Bank Financial upgraded its rating to a Outperform. BofA Securities upgraded its rating to a Neutral. Canaccord Genuity upgraded its rating to Buy for this stock on May 10, 2023. In a note dated December 12, 2022, BofA Securities downgraded an Underperform rating on this stock.
For the past year, the stock price of Canadian Imperial Bank Of Commerce fluctuated between $34.35 and $51.14. Currently, Wall Street analysts expect the stock to reach $106.62 within the next 12 months. Canadian Imperial Bank Of Commerce [NYSE: CM] shares were valued at $49.45 at the most recent close of the market. An investor can expect a potential return of 115.61% based on the average CM price forecast.
Analyzing the CM fundamentals
According to Canadian Imperial Bank Of Commerce [NYSE:CM], the company’s sales were 42.87B for trailing twelve months, which represents an 20.97% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.08 points at the first support level, and at 48.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.14, and for the 2nd resistance point, it is at 50.82.
Canadian Imperial Bank Of Commerce [CM] reported earnings per share of $1.33 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.23/share, meaning a difference of $0.1 and a surprise factor of 8.10%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.16 per share as compared to estimates of $1.12 per share, a difference of $0.04 representing a surprise of 3.60%.
Ratios To Look Out For
It is important to note that Canadian Imperial Bank Of Commerce [NYSE:CM] has a current ratio of 0.30. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 10.22.
