Canadian Imperial Bank Of Commerce [CM] stock prices are down -0.93% to $59.90 at the moment. 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 -2.79% over the last week, with a monthly amount drifted -7.16%, 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 January 08, 2025, when RBC Capital Mkts upgraded its rating to a Outperform. Previously, BofA Securities upgraded its rating to Buy on August 30, 2024. On July 02, 2024, UBS initiated with a Neutral rating. Keefe Bruyette upgraded its rating to a Outperform. Barclays initiated its recommendation with a Underweight. In a note dated February 20, 2024, Scotiabank upgraded an Sector Outperform rating on this stock.
The stock price of Canadian Imperial Bank Of Commerce [CM] has been fluctuating between $46.11 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 $59.90 at the most recent close of the market. An investor can expect a potential return of 78.0% based on the average CM price forecast.
Analyzing the CM fundamentals
The Canadian Imperial Bank Of Commerce [NYSE:CM] reported sales of 46.74B for trailing twelve months, representing a surge of 6.52%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. 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 58.96 points at the first support level, and at 58.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.54, and for the 2nd resistance point, it is at 63.19.
Ratios To Look Out For
It’s worth pointing out that Canadian Imperial Bank Of Commerce [NYSE:CM]’s Current Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 11.21.
