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.

CM was given price targets by several analysts. The most optimistic analyst gave a price target of 128, implying potential capital gains of 48.08 percent. The most pessimistic price target was 91.06, implying a possible loss 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.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.3 percent. The average change in earnings estimates over the last 90 days is -2.51 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.25 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.99 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of CM's earnings is estimated by analysts to be -31.69 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 19.03 percent above the 52-week low, and below the high by 6.27 percent. CM has a P/E 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.