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 price target was 128, implying a possible profit of 48.08 percent. The lowest price target was 91.06, which equates to a potential downside of 5.34 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.25 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.99 percent.
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, 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, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CM to grow at a rate of -31.69 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CM has a PEG ratio of -0.23.
In the last 52-weeks, CM has achieved a high of 92.22 and a low of 72.62. The current market price is above the trailing year's low by 19.03 percent, 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.