Canadian Imperial Bank of Commerce (CM) PT Raised to C$134.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective hoisted by CSFB from C$125.00 to C$134.00 in a research report issued on Friday. CSFB’s price target would suggest a potential upside of 9.57% from the company’s previous close.

A number of other brokerages have also weighed in on CM. TD Securities raised their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the company a “buy” rating in a report on Friday, December 1st. Scotiabank raised their target price on Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research note on Friday, December 1st. Royal Bank of Canada raised their target price on Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a “sector perform” rating in a research note on Friday, December 1st. National Bank Financial raised their target price on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Finally, Canaccord Genuity set a C$126.00 target price on Canadian Imperial Bank of Commerce in a research note on Friday, December 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canadian Imperial Bank of Commerce currently has a consensus rating of “Buy” and an average target price of C$126.40.

Shares of Canadian Imperial Bank of Commerce (CM) traded down C$0.72 during trading hours on Friday, hitting C$122.30. The stock had a trading volume of 1,087,845 shares, compared to its average volume of 1,241,922. Canadian Imperial Bank of Commerce has a 52-week low of C$103.84 and a 52-week high of C$124.37. The stock has a market cap of $54,000.00, a price-to-earnings ratio of 10.85 and a beta of 0.77.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings data on Thursday, November 30th. The company reported C$2.81 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.62 by C$0.19. Canadian Imperial Bank of Commerce had a return on equity of 15.90% and a net margin of 27.27%.

In other Canadian Imperial Bank of Commerce news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total value of C$1,425,992.40.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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