Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$160.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective boosted by Canaccord Genuity Group from C$158.00 to C$160.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 5.21% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Barclays lifted their target price on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research note on Monday, March 2nd. Desjardins lifted their target price on Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial cut their target price on Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating on the stock in a research note on Friday, May 29th. BMO Capital Markets boosted their price target on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group boosted their price target on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$153.05.

Canadian Imperial Bank of Commerce Stock Up 0.3%

Shares of CM stock traded up C$0.49 on Friday, hitting C$152.08. The stock had a trading volume of 736,476 shares, compared to its average volume of 2,548,045. The business has a 50 day moving average price of C$147.20 and a 200 day moving average price of C$135.05. The company has a market cap of C$139.97 billion, a PE ratio of 15.09, a P/E/G ratio of 3.03 and a beta of 1.30. Canadian Imperial Bank of Commerce has a one year low of C$91.94 and a one year high of C$162.12.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 earnings per share for the quarter. The firm had revenue of C$8.01 billion during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%. Equities research analysts expect 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.