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.

Many analysts weighed in on price targets for CM. The most optimistic analyst gave a price target of 128, which equates to a potential upside of 48.08 percent. The most pessimistic price target was 91.06, implying a possible loss of 5.34 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.3 percent. That number becomes -2.51 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

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, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of CM to grow at a rate of -31.69 percent. Another measure frequently examined by investors is 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. PEG ratios below 1 are often considered desirable, 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 below the 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.