Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective cut by equities researchers at National Bank Financial from C$120.00 to C$115.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 10.68% from the company’s current price.

CM has been the topic of a number of other reports. TD Securities lowered their price target on Canadian Imperial Bank of Commerce from C$140.00 to C$135.00 and set a “buy” rating on the stock in a report on Friday, March 1st. CSFB set a C$116.00 price target on Canadian Imperial Bank of Commerce and gave the stock a “neutral” rating in a report on Thursday, May 16th. Canaccord Genuity upped their price objective on Canadian Imperial Bank of Commerce from C$115.00 to C$121.00 in a report on Wednesday, May 15th. Desjardins cut Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$125.00 to C$118.00 in a report on Thursday. Finally, BMO Capital Markets decreased their price objective on Canadian Imperial Bank of Commerce from C$128.00 to C$120.00 in a report on Thursday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$123.64.

Shares of Canadian Imperial Bank of Commerce stock traded down C$3.31 during trading hours on Thursday, reaching C$103.90. 2,854,712 shares of the stock traded hands, compared to its average volume of 1,542,411. The company has a market cap of $49.11 billion and a P/E ratio of 9.19. Canadian Imperial Bank of Commerce has a one year low of C$99.51 and a one year high of C$125.21.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings results on Thursday, February 28th. The company reported C$3.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$3.12 by C($0.11). The business had revenue of C$4.57 billion during the quarter, compared to analyst estimates of C$4.62 billion. On average, equities research analysts forecast that Canadian Imperial Bank of Commerce will post 13.1011900247606 EPS for the current fiscal year.

About Canadian Imperial Bank of Commerce

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

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