Canadian Imperial Bank Of Commerce (NYSE: CM) is 26.51% higher on its value in year-to-date trading and has touched a low of $34.35 and a high of $62.67 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 $60.44 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $60.90, the stock is -0.18% and 9.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 0.76% at the moment leaves the stock 22.04% off its SMA200. CM registered 61.80% gain for a year compared to 6-month gain of 22.09%. The firm has a 50-day simple moving average (SMA 50) of $56.0032 and a 200-day simple moving average (SMA200) of $49.9792.
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The stock witnessed a 5.15% loss in the last 1 month and extending the period to 3 months gives it a 25.67%, and is -1.77% down 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 1.24% over the week and 1.37% over the month.
Canadian Imperial Bank Of Commerce (CM) has around 48074 employees, a market worth around $57.08B and $46.02B in sales. Current P/E ratio is 11.99 and Fwd P/E is 11.00. Profit margin for the company is 10.33%. Distance from 52-week low is 77.29% and -2.82% from its 52-week high. The company has generated returns on investments over the last 12 months (5.48%).
The EPS is expected to grow by 8.07% this year
688.0 institutions hold shares in Canadian Imperial Bank Of Commerce (CM), with institutional investors hold 55.95% of the company’s shares. The shares outstanding are 937.27M, and float is at 936.78M with Short Float at 2.08%. Institutions hold 55.93% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 75.77 million shares valued at $3.6 billion. The investor’s holdings represent 8.0791 of the CM Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF MONTREAL /CAN/ with 50.63 million shares valued at $2.57 billion to account for 5.3988 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 37.86 million shares representing 4.0366 and valued at over $1.8 billion, while TORONTO DOMINION BANK holds 2.7661 of the shares totaling 25.94 million with a market value of $1.23 billion.
