Canadian Imperial Bank of Commerce (TSE:CM) Given New C$152.00 Price Target at National Bank Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price increased by equities research analysts at National Bank Financial from C$150.00 to C$152.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential downside of 0.64% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Raymond James Financial raised their target price on shares of Canadian Imperial Bank of Commerce from C$148.50 to C$157.50 and gave the stock a “market perform” rating in a report on Wednesday. Desjardins raised their target price on shares of Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Royal Bank Of Canada dropped their price target on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Scotiabank lifted their price target on shares of Canadian Imperial Bank of Commerce from C$153.00 to C$159.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group lifted their price target on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$150.68.

Canadian Imperial Bank of Commerce Trading Down 0.4%

CM stock traded down C$0.69 on Friday, hitting C$152.98. The company had a trading volume of 547,193 shares, compared to its average volume of 2,601,874. Canadian Imperial Bank of Commerce has a 12-month low of C$91.60 and a 12-month high of C$154.25. The stock’s 50-day simple moving average is C$140.94 and its 200 day simple moving average is C$131.25. The stock has a market cap of C$140.80 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 3.03 and a beta of 1.30.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%. The company had revenue of C$8.40 billion for the quarter. Research analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

About Canadian Imperial Bank of Commerce

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.