A share price of Canadian Imperial Bank Of Commerce [CM] is currently trading at $57.89, up 1.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The CM shares have lost -0.33% over the last week, with a monthly amount glided 0.85%, and 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.
Canadian Imperial Bank Of Commerce experienced fluctuations in its stock price throughout the past year between $46.50 and $67.45. 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 $57.89 at the most recent close of the market. An investor can expect a potential return of 84.18% based on the average CM price forecast.
Analyzing the CM fundamentals
Trailing Twelve Months sales for Canadian Imperial Bank Of Commerce [NYSE:CM] were 46.52B which represents -1.91% decline. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.37%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.55.
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 56.77 points at the first support level, and at 55.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.49, and for the 2nd resistance point, it is at 59.08.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Imperial Bank Of Commerce [NYSE:CM] is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 10.38.
