Analyst Ratings for Canadian Imperial Bank of Commerce (CM)

Updated: 2017-07-28

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) have received a consensus rating of Overweight from Wall Street analysts. Last month, CM received an average rating of Overweight.

15 analysts issued ratings on the stock, where 6 gave CM a buy rating, 0 issued an overweight rating, 7 gave a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.

Investment analysts gave a few price targets for CM. The highest price target was 128, implying potential capital gains of 48.08 percent. The minimum price target given was 91.06, implying potential capital losses of 5.34 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.3 percent on average, compared to last month. That number becomes -2.51 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 1.25 percent. If we look at the last 90 days instead, we find a net average change of 0.99 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

CM has an estimated earnings growth rate of -31.69 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. CM has a PEG ratio of -0.23.

CM has a 52-week high of 92.22 and a 52-week low of 72.62. Currently the stock is 19.03 percent higher than its low, and 6.27 percent lower than its 52-week high. CM has a price/earnings ratio of 7.2. Investors typically compare the P/E ratio to a company's peers in the industry. The CM value stock report compares CM to some of its peers using value stock charts. The market cap of CM is $46.53 billion. CM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.