Stock To Watch: Canadian Imperial Bank of Commerce (NYSE:CM)

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The leading market experts have placed a mean price target of $74.58 on Canadian Imperial Bank of Commerce (NYSE:CM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.81 a share for the upcoming quarter and $7.38 for the current fiscal.

Technical View

The technical analysis of Canadian Imperial Bank of Comme plainly substantiates that the 50-day moving average of Canadian Imperial Bank of Comme is $75.75, and stock is trading $1.95 points away or +2.58% from its 50-day moving average of $75.75. Further it is trading $3.05 or +4.09% away its 200-day moving average of $74.65. Canadian Imperial Bank of Commerce (NYSE:CM) 52-week high is $82.60 and the 52-week low is $56.29.

This explains if the stock moves $-4.90, it will post a 52-week high. In event of +38.04% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Canadian Imperial Bank of Comme, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Canadian Imperial Bank of Commerce (NYSE:CM) ratio came in at 11.13.

The stock last ended the trading session at $77.70 and registered a market cap of $30.66B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Canadian Imperial Bank of Commerce (NYSE:CM) PEG ratio is at 4.71.

1 Chart Pattern Every Investor Should Know

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