Canadian Imperial Bank Of Commerce [CM] stock prices are up 0.36% to $47.22 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CM shares have lost -2.96% over the last week, with a monthly amount drifted -5.05%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Canadian Imperial Bank Of Commerce [CM] has been fluctuating between $34.35 and $51.14 over the past year. 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 $47.22 at the most recent close of the market. An investor can expect a potential return of 125.79% based on the average CM price forecast.
Analyzing the CM fundamentals
The Canadian Imperial Bank Of Commerce [NYSE:CM] reported sales of 42.87B for trailing twelve months, representing a surge of 20.97%. 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 46.93 points at the first support level, and at 46.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.53, and for the 2nd resistance point, it is at 47.83.
Ratios To Look Out For
It’s worth pointing out that Canadian Imperial Bank Of Commerce [NYSE:CM]’s Current Ratio is 0.30. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 9.76.
