News stories about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.5392366296034 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of NYSE:CM traded down $1.30 during midday trading on Friday, hitting $87.27. The stock had a trading volume of 366,667 shares, compared to its average volume of 492,628. The company has a market cap of $39,356.39, a price-to-earnings ratio of 9.82, a PEG ratio of 1.63 and a beta of 1.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.10. Canadian Imperial Bank of Commerce has a 1 year low of $77.20 and a 1 year high of $100.01.
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its earnings results on Thursday, February 22nd. The bank reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.24. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.32 billion. Canadian Imperial Bank of Commerce had a net margin of 21.38% and a return on equity of 17.57%. research analysts forecast that Canadian Imperial Bank of Commerce will post 9.31 EPS for the current year.
Several analysts have recently weighed in on CM shares. Zacks Investment Research downgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Barclays raised shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 19th. Finally, ValuEngine downgraded shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Canadian Imperial Bank of Commerce has a consensus rating of “Buy” and a consensus target price of $115.86.
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About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce operates as a global financial institution, which provides a full range of financial products and services to individual, small business, commercial, corporate and institutional clients. It operates through the following segments: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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