Canadian Imperial Bank Of Commerce [CM] stock is trading at $63.78, down -0.48%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CM shares have lost -3.82% over the last week, with a monthly amount drifted -0.85%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Canadian Imperial Bank Of Commerce [NYSE: CM] stock has seen the most recent analyst activity on August 30, 2024, when BofA Securities upgraded its rating to a Buy. On June 03, 2024, upgrade upgraded it’s rating to Outperform. Barclays started tracking the stock assigning a Underweight rating. Jefferies initiated its recommendation with a Buy. Scotiabank upgraded its rating to Sector Outperform for this stock on February 20, 2024. In a note dated December 20, 2023, National Bank Financial upgraded an Outperform rating on this stock.
Canadian Imperial Bank Of Commerce [CM] stock has fluctuated between $43.86 and $67.45 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 $63.78 at the most recent close of the market. An investor can expect a potential return of 67.17% based on the average CM price forecast.
Analyzing the CM fundamentals
Canadian Imperial Bank Of Commerce [NYSE:CM] reported sales of 46.74B for the trailing twelve months, which represents a growth of 6.52%. Gross Profit Margin for this corporation currently stands at 1.01% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.55.
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 63.40 points at the first support level, and at 63.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.50, and for the 2nd resistance point, it is at 65.23.
Ratios To Look Out For
For context, Canadian Imperial Bank Of Commerce’s Current Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 11.93.
