Canadian Imperial Bank Of Commerce (NYSE: CM) is -12.94% 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 $55.94 in the last trading session, with the day’s loss setting it -0.89%.
Currently trading at $55.05, the stock is -6.98% and -10.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -1.59% at the moment leaves the stock -5.36% off its SMA200. CM registered 11.01% gain for a year compared to 6-month gain of -8.71%. The firm has a 50-day simple moving average (SMA 50) of $61.265 and a 200-day simple moving average (SMA200) of $58.1686.
The stock witnessed a -10.43% loss in the last 1 month and extending the period to 3 months gives it a -16.82%, and is -3.08% 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 2.08% over the week and 2.14% over the month.
Canadian Imperial Bank Of Commerce (CM) has around 48525 employees, a market worth around $51.75B and $46.52B in sales. Current P/E ratio is 9.87 and Fwd P/E is 9.20. Profit margin for the company is 11.34%. Distance from 52-week low is 18.39% and -18.38% from its 52-week high. The company has generated returns on investments over the last 12 months (6.00%).
The EPS is expected to grow by 5.92% this year
773.0 institutions hold shares in Canadian Imperial Bank Of Commerce (CM), with institutional investors hold 53.91% of the company’s shares. The shares outstanding are 940.08M, and float is at 891.00M with Short Float at 1.65%. Institutions hold 53.90% 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 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.
