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.

A number of analysts gave price targets for CM. The highest price target was 128, implying a possible profit of 48.08 percent. The most pessimistic analyst gave a price target of 91.06, implying a possible loss of 5.34 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

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. Meanwhile, fiscal year estimates have been revised upwards by 1.25 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.99 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of CM to grow at a rate of -31.69 percent. 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, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of CM is -0.23.

In the last 52-weeks, CM has achieved a high of 92.22 and a 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 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.