Canadian Imperial Bank of Commerce (NYSE:CM) saw an uptick in trading volume on Thursday . 978,861 shares were traded during trading, an increase of 1% from the previous session’s volume of 967,636 shares.The stock last traded at $76.68 and had previously closed at $76.01.

Several brokerages recently commented on CM. TD Securities reiterated a “hold” rating and set a $100.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Friday, July 1st. Royal Bank Of Canada dropped their price target on Canadian Imperial Bank of Commerce from $106.00 to $104.00 and set a “sector perform” rating for the company in a research report on Thursday, June 30th. Canaccord Genuity reiterated a “hold” rating and set a $100.00 price target (down from $106.00) on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a research report on Thursday, May 19th. Finally, Vetr upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $84.06 price target for the company in a research report on Monday, May 16th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $96.01.

The company’s 50-day moving average is $77.85 and its 200 day moving average is $72.44. The firm has a market cap of $30.00 billion and a price-to-earnings ratio of 10.84.

Canadian Imperial Bank of Commerce (NYSE:CM) last posted its quarterly earnings results on Thursday, May 26th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.32 by $0.08. On average, equities research analysts expect that Canadian Imperial Bank of Commerce will post $9.49 earnings per share for the current year.

Several hedge funds have bought and sold shares of the stock. Pinnacle Associates Ltd. boosted its stake in Canadian Imperial Bank of Commerce by 33.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 16,494 shares of the company’s stock valued at $1,086,000 after buying an additional 4,151 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Canadian Imperial Bank of Commerce by 2.7% in the fourth quarter. Advisors Asset Management Inc. now owns 19,560 shares of the company’s stock valued at $1,288,000 after buying an additional 519 shares in the last quarter. Comerica Bank boosted its stake in Canadian Imperial Bank of Commerce by 4.7% in the fourth quarter. Comerica Bank now owns 21,568 shares of the company’s stock valued at $1,359,000 after buying an additional 960 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Canadian Imperial Bank of Commerce during the fourth quarter valued at approximately $2,509,000. Finally, First Trust Advisors LP boosted its stake in Canadian Imperial Bank of Commerce by 27.2% in the fourth quarter. First Trust Advisors LP now owns 93,533 shares of the company’s stock valued at $6,161,000 after buying an additional 20,005 shares in the last quarter.

Canadian Imperial Bank of Commerce (CIBC) is a Canada-based financial institution. CIBC serves its clients through three strategic business units: Retail and Business Banking, Wealth Management and Wholesale Banking. Its three main operating groups are supported by six functional groups: Technology and Operations; Corporate Development; Finance; Treasury; Administration; and Risk Management, which form part of Corporate and Other.

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