Canadian Imperial Bank Of Commerce (NYSE: CM) is -1.30% lower on its value in year-to-date trading and has touched a low of $43.86 and a high of $67.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CM stock was last observed hovering at around $61.72 in the last trading session, with the day’s gains setting it 0.69%.
Currently trading at $62.41, the stock is -1.64% and -2.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.12% at the moment leaves the stock 11.95% off its SMA200. CM registered 35.61% gain for a year compared to 6-month gain of 24.25%. The firm has a 50-day simple moving average (SMA 50) of $64.2446 and a 200-day simple moving average (SMA200) of $55.69025.
The stock witnessed a -5.88% loss in the last 1 month and extending the period to 3 months gives it a 3.12%, and is -0.14% 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 1.26% over the week and 1.33% over the month.
Canadian Imperial Bank Of Commerce (CM) has around 48525 employees, a market worth around $58.50B and $46.74B in sales. Current P/E ratio is 11.68 and Fwd P/E is 10.52. Profit margin for the company is 10.77%. Distance from 52-week low is 42.29% and -7.47% from its 52-week high. The company has generated returns on investments over the last 12 months (5.58%).
The EPS is expected to grow by 3.84% this year
740.0 institutions hold shares in Canadian Imperial Bank Of Commerce (CM), with institutional investors hold 52.47% of the company’s shares. The shares outstanding are 942.29M, and float is at 888.58M with Short Float at 1.63%. Institutions hold 52.46% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 75.7 million shares valued at $3.6 billion. The investor’s holdings represent 8.0714 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.
