Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target boosted by investment analysts at BMO Capital Markets from C$121.00 to C$130.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 3.18% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on CM. National Bankshares raised their target price on Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Friday. Scotiabank increased their price objective 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 report on Friday. Jefferies Financial Group boosted their target price on shares of Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada upped their target price on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a research report on Friday. Finally, Raymond James Financial lifted their price target on Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the company a “market perform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$120.54.

Canadian Imperial Bank of Commerce Trading Down 0.2%

TSE CM traded down C$0.31 during trading hours on Friday, reaching C$125.99. The company’s stock had a trading volume of 1,463,141 shares, compared to its average volume of 3,342,767. The business has a 50-day simple moving average of C$116.59 and a 200 day simple moving average of C$105.89. Canadian Imperial Bank of Commerce has a 52 week low of C$76.17 and a 52 week high of C$126.98. The stock has a market cap of C$117.12 billion, a PE ratio of 15.23, a PEG ratio of 3.03 and a beta of 1.45.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings results on Thursday, December 4th. The company reported C$2.21 earnings per share for the quarter. The business had revenue of C$7.58 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. As a group, 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

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.