Canadian Imperial Bank Of Commerce (NYSE: CM) is -8.00% lower on its value in year-to-date trading and has touched a low of $46.50 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 $57.40 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $58.17, the stock is -4.53% and -6.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 1.34% at the moment leaves the stock 0.37% off its SMA200. CM registered 19.91% gain for a year compared to 6-month gain of -0.46%.
The stock witnessed a -2.97% loss in the last 1 month and extending the period to 3 months gives it a -10.18%, and is -3.79% 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 3.29% over the week and 1.91% over the month.
Canadian Imperial Bank Of Commerce (CM) has around 48525 employees, a market worth around $54.52B and $46.52B in sales. Current P/E ratio is 10.43 and Fwd P/E is 9.73. Profit margin for the company is 11.34%. Distance from 52-week low is 25.10% and -13.76% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
with sales reaching $6.87B over the same period.The EPS is expected to grow by 6.40% this year, but quarterly earnings will post 9.23% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.
The shares outstanding are 940.08M, and float is at 888.38M with Short Float at 1.65%.
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 7.7139 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 2.6436 of the shares totaling 25.94 million with a market value of $1.23 billion.
Canadian Imperial Bank Of Commerce (CM) Insider Activity
A total of 0 insider transactions have happened at Canadian Imperial Bank Of Commerce (CM) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Canadian Imperial Bank Of Commerce (CM): Who are the competitors?
One of the company’s main competitors (and peers) include Bank of New York Mellon Corp. (BK) that is trading 55.18% up over the past 12 months.Toronto-Dominion Bank (TD) lies in the list of competitors of the Canadian Imperial Bank Of Commerce and is -1.92% lower over the same period from CMWells Fargo & Co. (WFC) is 29.85% up on the 1-year trading charts.
