Canadian Imperial Bank of Commerce (CM) Is At $88.78 Formed Wedge; 5 Analysts Bullish Pool (POOL)

Canadian Imperial Bank of Commerce (NYSE:CM) Logo

Among 8 analysts covering Pool Corporation (NASDAQ:POOL), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Pool Corporation had 20 analyst reports since July 28, 2015 according to SRatingsIntel. Sidoti upgraded Pool Corporation (NASDAQ:POOL) on Friday, September 15 to “Buy” rating. The stock has “Outperform” rating by Robert W. Baird on Friday, February 17. The rating was maintained by Robert W. Baird on Tuesday, October 3 with “Buy”. The firm has “Buy” rating given on Friday, September 15 by Robert W. Baird. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Hold” rating given on Tuesday, September 26 by KeyBanc Capital Markets. Johnson Rice downgraded the stock to “Accumulate” rating in Friday, July 15 report. The rating was upgraded by William Blair to “Outperform” on Tuesday, July 28. The rating was maintained by Wedbush with “Outperform” on Tuesday, February 14. The stock of Pool Corporation (NASDAQ:POOL) has “Sector Weight” rating given on Friday, August 25 by KeyBanc Capital Markets. See Pool Corporation (NASDAQ:POOL) latest ratings:

15/02/2018 Broker: Stephens Rating: Hold New Target: $160.0 Maintain
15/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $158.0 Maintain
20/10/2017 Broker: Robert W. Baird Rating: Outperform Old Target: $125 New Target: $131 Maintain

Canadian Imperial Bank of Commerce (CM) formed wedge down with $80.79 target or 9.00% below today’s $88.78 share price. Canadian Imperial Bank of Commerce (CM) has $38.47 billion valuation. The stock increased 0.76% or $0.67 during the last trading session, reaching $88.78. About 274,741 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since April 11, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Analysts await Canadian Imperial Bank of Commerce (NYSE:CM) to report earnings on May, 24. They expect $2.23 EPS, up 12.06% or $0.24 from last year’s $1.99 per share. CM’s profit will be $966.17M for 9.95 P/E if the $2.23 EPS becomes a reality. After $2.50 actual EPS 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 rating was upgraded by Credit Suisse on Thursday, August 27 to “Underperform”. Barclays Capital upgraded the stock to “Overweight” rating in Tuesday, December 19 report. The firm has “Neutral” rating by Credit Suisse given on Friday, March 31. The company was initiated on Tuesday, November 1 by Bank of America. The stock has “Neutral” rating by Macquarie Research on Friday, December 4. The firm earned “Hold” rating on Thursday, August 27 by Canaccord Genuity. The stock has “Sell” rating by Zacks on Monday, September 7. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Neutral” rating given on Wednesday, October 25 by Citigroup. The firm earned “Outperform” rating on Friday, August 28 by BMO Capital Markets.

Since October 23, 2017, it had 0 buys, and 8 sales for $29.81 million activity. 40,000 Pool Corporation (NASDAQ:POOL) shares with value of $5.84 million were sold by St Romain Kenneth G. $7.10M worth of Pool Corporation (NASDAQ:POOL) was sold by COOK ARTHUR D on Tuesday, February 20. PEREZ DE LA MESA MANUEL J also sold $192,734 worth of Pool Corporation (NASDAQ:POOL) shares. Joslin Mark W sold $5.67M worth of stock or 40,000 shares. 15,502 shares were sold by SEYMOUR HARLAN F, worth $1.84 million on Monday, October 23. 7,200 shares valued at $943,366 were sold by SLEDD ROBERT C on Monday, December 18.

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company has market cap of $5.99 billion. The firm offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components and professional lawn care equipment and supplies. It has a 32.75 P/E ratio. It also provides building materials for use in pool installations and remodeling, including concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones; and commercial products, such as ASME heaters, safety equipment, and commercial pumps and filters.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.54, from 1.36 in 2017Q3. It turned negative, as 27 investors sold Pool Corporation shares while 117 reduced holdings. 44 funds opened positions while 74 raised stakes. 36.10 million shares or 0.29% less from 36.20 million shares in 2017Q3 were reported. Eaton Vance Mngmt invested 0% in Pool Corporation (NASDAQ:POOL). Proshare Limited owns 3,716 shares. Gotham Asset Ltd Liability Corp holds 0.06% or 33,584 shares in its portfolio. Skylands Capital Limited Liability Co stated it has 0.01% in Pool Corporation (NASDAQ:POOL). Tudor Inv Et Al stated it has 24,988 shares. Riverhead Capital Mgmt Ltd Com owns 5,229 shares. Pacad Invest Limited has invested 0.04% in Pool Corporation (NASDAQ:POOL). Brown Brothers Harriman And reported 622 shares. Personal Capital Advsrs Corporation invested in 0.33% or 150,513 shares. Brant Point Mgmt Limited Liability Co reported 70,194 shares. Catalyst Advsrs Limited Co stated it has 0% in Pool Corporation (NASDAQ:POOL). Millennium Limited Liability Company holds 86,509 shares. Quantbot Limited Partnership accumulated 0.05% or 4,005 shares. Clough Cap Partners Limited Partnership reported 0.03% of its portfolio in Pool Corporation (NASDAQ:POOL). Bancorp Of Ny Mellon Corporation holds 595,307 shares.

The stock increased 1.53% or $2.23 during the last trading session, reaching $147.71. About 172,639 shares traded. Pool Corporation (NASDAQ:POOL) has risen 20.77% since April 11, 2017 and is uptrending. It has outperformed by 9.22% the S&P500.

Pool Corporation (NASDAQ:POOL) Institutional Positions Chart