Analysts See $-0.57 EPS for Noble plc (NE); Canadian Imperial Bank of Commerce (CM) SI Increased By 16.04%

April 17, 2018 - By Linda Rogers

Canadian Imperial Bank of Commerce (NYSE:CM) Logo

Analysts expect Noble Corporation plc (NYSE:NE) to report $-0.57 EPS on May, 2 after the close.They anticipate $0.40 EPS change or 235.29% from last quarter’s $-0.17 EPS. After having $-0.29 EPS previously, Noble Corporation plc’s analysts see 96.55% EPS growth. The stock decreased 1.16% or $0.0524 during the last trading session, reaching $4.4476. About 886,795 shares traded. Noble Corporation plc (NYSE:NE) has declined 36.28% since April 17, 2017 and is downtrending. It has underperformed by 47.83% the S&P500.

Canadian Imperial Bank of Commerce (NYSE:CM) had an increase of 16.04% in short interest. CM’s SI was 9.67M shares in April as released by FINRA. Its up 16.04% from 8.34 million shares previously. With 648,400 avg volume, 15 days are for Canadian Imperial Bank of Commerce (NYSE:CM)’s short sellers to cover CM’s short positions. The stock increased 0.66% or $0.58 during the last trading session, reaching $88.4. About 24,746 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since April 17, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

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. Macquarie Research maintained Canadian Imperial Bank of Commerce (NYSE:CM) on Friday, December 4 with “Neutral” rating. Zacks upgraded Canadian Imperial Bank of Commerce (NYSE:CM) on Monday, September 21 to “Hold” rating. The rating was maintained by Canaccord Genuity on Thursday, August 24 with “Buy”. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) earned “Market Perform” rating by BMO Capital Markets on Friday, August 26. The stock has “Buy” rating by Dundee Securities on Wednesday, September 21. RBC Capital Markets maintained it with “Sector Perform” rating and $109 target in Friday, August 28 report. On Friday, December 1 the stock rating was upgraded by Credit Suisse to “Outperform”. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Strong Sell”. The firm has “Hold” rating by TD Securities given on Thursday, December 3. The firm earned “Neutral” rating on Friday, March 31 by Credit Suisse.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial services and products to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company has market cap of $38.30 billion. The firm operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. It has a 10.54 P/E ratio. Commercial Banking and Wealth Management; and Capital Markets.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.24, from 0.78 in 2017Q3. It is positive, as 33 investors sold Noble Corporation plc shares while 68 reduced holdings. 40 funds opened positions while 63 raised stakes. 209.10 million shares or 1.03% less from 211.28 million shares in 2017Q3 were reported. Federated Invsts Pa reported 1.14 million shares or 0.01% of all its holdings. Legal And General Grp Inc Public Limited Co holds 0% or 1.42M shares. Prudential accumulated 0% or 392,050 shares. Millennium Mngmt Limited Liability invested in 449,044 shares or 0% of the stock. Amundi Pioneer Asset Mgmt Inc owns 120,000 shares for 0% of their portfolio. Johnson Financial Grp Incorporated Inc holds 0% or 1,000 shares in its portfolio. Northern Corp has invested 0% of its portfolio in Noble Corporation plc (NYSE:NE). Comerica National Bank reported 262,140 shares. 421,800 are owned by Alliancebernstein Limited Partnership. Cambridge Invest Inc has invested 0% in Noble Corporation plc (NYSE:NE). Fmr Ltd Liability stated it has 822,700 shares or 0% of all its holdings. Mountain Lake Management Ltd Co accumulated 1.35 million shares or 2.18% of the stock. 21,917 were accumulated by Cibc Asset Management. Bnp Paribas Arbitrage has invested 0% in Noble Corporation plc (NYSE:NE). Moreover, Amer has 0.01% invested in Noble Corporation plc (NYSE:NE) for 453,650 shares.

Noble Corporation plc operates as an offshore drilling contractor for the gas and oil industry worldwide. The company has market cap of $1.10 billion. It owns and operates a fleet of mobile offshore drilling units. It currently has negative earnings. As of February 23, 2017, the firm operated a fleet of 28 offshore drilling units consisted of 14 drill ships, and semisubmersibles and 14 jack ups.

Among 34 analysts covering Noble Corp PLC (NYSE:NE), 10 have Buy rating, 8 Sell and 16 Hold. Therefore 29% are positive. Noble Corp PLC had 101 analyst reports since July 31, 2015 according to SRatingsIntel. On Thursday, May 18 the stock rating was upgraded by Nomura to “Neutral”. The stock has “Hold” rating by Cowen & Co on Wednesday, October 18. CapitalOne upgraded the stock to “Overweight” rating in Tuesday, January 17 report. On Friday, August 21 the stock rating was upgraded by Global Hunter Securities to “Buy”. The stock has “Underperform” rating by Bernstein on Thursday, July 6. PiperJaffray downgraded the stock to “Underweight” rating in Thursday, January 11 report. The firm earned “Buy” rating on Tuesday, January 3 by Arctic Securities. Seaport Global downgraded Noble Corporation plc (NYSE:NE) rating on Monday, March 14. Seaport Global has “Accumulate” rating and $12 target. Bank of America downgraded Noble Corporation plc (NYSE:NE) on Friday, June 30 to “Underperform” rating. Cowen & Co maintained Noble Corporation plc (NYSE:NE) rating on Tuesday, September 5. Cowen & Co has “Hold” rating and $3.0 target.

Noble Corporation plc (NYSE:NE) Ratings Chart

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By1 Linda Rogers

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