Canadian Imperial Bank of Commerce (CM) Is At $88.28 Formed Wedge; 13 Analysts Covering International Business Machines (IBM)

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Canadian Imperial Bank of Commerce (CM) formed wedge down with $80.33 target or 9.00% below today’s $88.28 share price. Canadian Imperial Bank of Commerce (CM) has $38.69 billion valuation. The stock increased 1.05% or $0.92 during the last trading session, reaching $88.28. About 414,367 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since March 30, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Thursday, January 18 by GBH Insights. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 15. BMO Capital Markets maintained it with “Market Perform” rating and $170 target in Wednesday, October 18 report. The firm earned “Buy” rating on Friday, January 19 by Stifel Nicolaus. UBS maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, October 20 with “Neutral” rating. The rating was maintained by Morgan Stanley on Tuesday, July 19 with “Overweight”. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, September 22. The rating was maintained by BMO Capital Markets with “Hold” on Sunday, November 26. The rating was maintained by Morgan Stanley on Thursday, March 31 with “Overweight”. The rating was maintained by KeyBanc Capital Markets on Tuesday, August 22 with “Hold”. See International Business Machines Corporation (NYSE:IBM) latest ratings:

21/03/2018 Broker: Morgan Stanley Rating: Buy New Target: $198.0 Maintain
09/03/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $182.0 Maintain
09/03/2018 Broker: Morgan Stanley Rating: Buy New Target: $198.0 Maintain
19/01/2018 Broker: Berenberg Rating: Sell New Target: $125.0 Maintain
19/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $175.0 Maintain
19/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $180.0 Maintain
19/01/2018 Broker: J.P. Morgan Rating: Hold New Target: $167.0 Maintain
19/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $182.0 Maintain
19/01/2018 Broker: Societe Generale Rating: Sell New Target: $149.0 Maintain
18/01/2018 Broker: Bank of America Rating: Buy New Target: $200.0 Maintain

Since January 31, 2018, it had 1 buying transaction, and 2 sales for $2.69 million activity. Clementi Erich sold $2.01M worth of International Business Machines Corporation (NYSE:IBM) on Friday, February 23. $99,659 worth of International Business Machines Corporation (NYSE:IBM) was bought by WADDELL FREDERICK H on Wednesday, January 31. Gherson Diane J had sold 5,000 shares worth $780,000.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It improved, as 54 investors sold International Business Machines Corporation shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Advantus Mngmt Inc holds 86,749 shares. Bb&T Corp reported 0.17% in International Business Machines Corporation (NYSE:IBM). Gamble Jones Inv Counsel reported 0.35% of its portfolio in International Business Machines Corporation (NYSE:IBM). The Kansas-based Meritage Mgmt has invested 0.6% in International Business Machines Corporation (NYSE:IBM). Brown Advisory Securities Ltd Liability Company, a Maryland-based fund reported 20,240 shares. Moreover, Orrstown Ser Incorporated has 0.05% invested in International Business Machines Corporation (NYSE:IBM) for 296 shares. Hanson Doremus Mngmt holds 24,015 shares. Whittier Tru Company holds 80,403 shares. Guardian Life Ins Of America accumulated 2,806 shares or 0.09% of the stock. Evanson Asset Mngmt Limited Liability Com reported 0.11% stake. New York State Teachers Retirement Sys holds 1.47M shares or 0.53% of its portfolio. Skylands Cap Limited Liability Corporation has 100 shares for 0% of their portfolio. Dodge & Cox holds 86,484 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt System invested in 0.16% or 77,013 shares. Moreover, Commerzbank Aktiengesellschaft Fi has 0.6% invested in International Business Machines Corporation (NYSE:IBM) for 317,137 shares.

The stock increased 0.60% or $0.91 during the last trading session, reaching $153.43. About 3.42 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since March 30, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $141.34 billion. The Company’s Cognitive Solutions segment includes Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers. It has a 25.01 P/E ratio. The companyÂ’s Cognitive Solutions segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and solutions tailored by industry; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

Analysts await Canadian Imperial Bank of Commerce (NYSE:CM) to report earnings on May, 24. They expect $2.23 earnings per share, up 12.06% or $0.24 from last year’s $1.99 per share. CM’s profit will be $977.43 million for 9.90 P/E if the $2.23 EPS becomes a reality. After $2.50 actual earnings per share reported by Canadian Imperial Bank of Commerce for the previous quarter, Wall Street now forecasts -10.80% negative EPS growth.

Among 15 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Canadian Imperial Bank Of Commerce had 29 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $106 target in Monday, August 31 report. The firm has “Overweight” rating given on Tuesday, December 19 by Barclays Capital. The firm earned “Underperform” rating on Monday, August 31 by Credit Suisse. The rating was initiated by Bank of America on Tuesday, November 1 with “Underperform”. Zacks upgraded the shares of CM in report on Tuesday, September 1 to “Strong Sell” rating. The rating was upgraded by Credit Suisse on Friday, December 1 to “Outperform”. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Sell” rating given on Monday, September 7 by Zacks. The stock has “Market Perform” rating by BMO Capital Markets on Friday, August 26. The company was upgraded on Monday, September 21 by Zacks. The firm has “Neutral” rating given on Wednesday, October 25 by Citigroup.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart