Canadian Imperial Bank of Commerce (CM) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (NYSE: CM) recently:

  • 12/2/2019 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 11/27/2019 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $97.00 price target on the stock. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 11/25/2019 – Canadian Imperial Bank of Commerce was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 11/15/2019 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 11/7/2019 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 10/31/2019 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 10/23/2019 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “

Canadian Imperial Bank of Commerce stock opened at $86.62 on Tuesday. Canadian Imperial Bank of Commerce has a 1 year low of $72.96 and a 1 year high of $87.62. The firm’s 50-day moving average is $86.03 and its 200-day moving average is $80.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $38.72 billion, a P/E ratio of 9.27, a PEG ratio of 2.91 and a beta of 1.17.

Several hedge funds and other institutional investors have recently bought and sold shares of CM. Flagship Harbor Advisors LLC lifted its holdings in Canadian Imperial Bank of Commerce by 78.3% in the third quarter. Flagship Harbor Advisors LLC now owns 451 shares of the bank’s stock worth $37,000 after acquiring an additional 198 shares during the last quarter. Liberty Wealth Management LLC raised its position in shares of Canadian Imperial Bank of Commerce by 50.9% during the 3rd quarter. Liberty Wealth Management LLC now owns 637 shares of the bank’s stock worth $53,000 after purchasing an additional 215 shares during the period. Private Capital Group LLC raised its position in shares of Canadian Imperial Bank of Commerce by 116.9% during the 2nd quarter. Private Capital Group LLC now owns 616 shares of the bank’s stock worth $54,000 after purchasing an additional 332 shares during the period. CWM LLC raised its position in shares of Canadian Imperial Bank of Commerce by 86.7% during the 2nd quarter. CWM LLC now owns 758 shares of the bank’s stock worth $60,000 after purchasing an additional 352 shares during the period. Finally, Cornerstone Advisors Inc. raised its position in shares of Canadian Imperial Bank of Commerce by 34.1% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,054 shares of the bank’s stock worth $87,000 after purchasing an additional 268 shares during the period. 44.29% of the stock is owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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