Canadian Imperial Bank Of Commerce (NYSE: CM) is 0.69% higher on its value in year-to-date trading and has touched a low of $34.35 and a high of $48.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CM stock was last observed hovering at around $48.51 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $48.47, the stock is 5.65% and 4.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -0.08% at the moment leaves the stock 15.23% off its SMA200. CM registered 6.22% gain for a year compared to 6-month gain of 22.37%.
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The stock witnessed a 6.29% loss in the last 1 month and extending the period to 3 months gives it a 17.36%, and is 4.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.59% over the week and 1.36% over the month.
Canadian Imperial Bank Of Commerce (CM) has around 48074 employees, a market worth around $45.13B and $42.87B in sales. Current P/E ratio is 10.02 and Fwd P/E is 9.41. Profit margin for the company is 10.41%. Distance from 52-week low is 41.11% and -0.91% from its 52-week high. The company has generated returns on investments over the last 12 months (5.03%).
Canadian Imperial Bank Of Commerce quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $4.39B over the same period.The EPS is expected to grow by 0.05% this year, but quarterly earnings will post 5.30% year-over-year.
Canadian Imperial Bank Of Commerce (CM) Top Institutional Holders
689 institutions hold shares in Canadian Imperial Bank Of Commerce (CM), with institutional investors hold 49.17% of the company’s shares. The shares outstanding are 931.10M, and float is at 930.66M with Short Float at 0.91%. Institutions hold 49.15% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 70.49 million shares valued at $3.01 billion. The investor’s holdings represent 7.63% of the CM Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 57.32 million shares valued at $2.45 billion to account for 6.20% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 33.3 million shares representing 3.60% and valued at over $1.42 billion, while Bank Of Nova Scotia / holds 2.71% of the shares totaling 25.05 million with a market value of $1.07 billion.
Canadian Imperial Bank Of Commerce (CM): Who are the competitors?
The company’s main competitors (and peers) include Bank of New York Mellon Corp. (BK) that is trading 8.51% up over the past 12 months. Toronto-Dominion Bank (TD) that is -9.39% lower over the same period.
