Analyzing Stock On Your Own: Canadian Imperial Bank Of Commerce (NYSE: CM)

Canadian Imperial Bank Of Commerce (NYSE:CM) does about 1.18M shares in volume on a normal day but saw 708786 shares change hands in the recent trading day. The company now has a market cap of 45.48B USD. Its current market price is $48.52, marking an increase of 0.54% compared to the previous close of $48.26. The 52 week high reached by this stock is $51.14 whilst the lowest price level in 52 weeks is $34.35. The script in recent trading has seen the stock touch a high of $127.3196048 and a low of $70.

Canadian Imperial Bank Of Commerce (CM) has a 20-day trading average at $48.06 and the current price is -5.12% off the 52-week high compared with 41.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $48.40 and its 200-day simple moving average is $45.10. If we look at the stock’s price movements over the week, volatility stands at 1.34%, which decreases to 1.29% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.30 to suggest the stock is neutral.

The consensus objective for the share price is $47.83, suggesting that the stock has a potential downside of -1.44% over the period. The median price target is 60.41% away from the current levels at $122.54511962.

5 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Hold the stock.

Canadian Imperial Bank Of Commerce (CM) stock is up 2.62% over the week and -1.44% over the past month. Its price is 0.79% year-to-date and 15.47% over the past year.

Its 12-month price target is $122.54511962. To reach the target analysts have set, the stock logically needs to shrink -1.44 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $70, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $127.3196048.

The company has a return on investment of 5.13% and return on equity of 12.03%. The price to earnings ratio (P/E ratio) amounts to 10.00 while the forward price to earnings ratio is 9.27. The beta has a value of 1.08. Price to book ratio is 1.25 and price to sales ratio is 1.02.