Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$134.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price increased by analysts at Royal Bank Of Canada from C$131.00 to C$134.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.11% from the stock’s current price.

A number of other brokerages have also recently issued reports on CM. TD Securities increased their target price on shares of Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. BMO Capital Markets upped their price objective on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 in a research note on Wednesday, December 17th. Raymond James Financial lifted their target price on shares of Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Jefferies Financial Group boosted their target price on Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the stock a “hold” rating in a report on Tuesday, November 25th. Finally, Scotiabank upped their price target on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$125.64.

Canadian Imperial Bank of Commerce Trading Up 1.0%

CM stock traded up C$1.27 during trading on Monday, reaching C$127.49. 1,083,843 shares of the stock were exchanged, compared to its average volume of 1,130,032. Canadian Imperial Bank of Commerce has a twelve month low of C$76.17 and a twelve month high of C$128.87. The company has a market capitalization of C$118.13 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. The stock has a 50 day simple moving average of C$122.30 and a 200-day simple moving average of C$110.96.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.21 EPS for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%.The firm had revenue of C$7.58 billion during the quarter. Equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Company Profile

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.