Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$135.00 at Desjardins

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target boosted by stock analysts at Desjardins from C$132.00 to C$135.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 5.86% from the stock’s previous close.

CM has been the subject of several other research reports. Royal Bank Of Canada boosted their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a report on Friday, December 5th. TD Securities upped their price objective on Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Scotiabank lifted their target price on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$133.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Barclays boosted their target price on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research note on Monday, December 8th. Finally, Raymond James Financial raised their price target on shares of Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average price target of C$125.36.

Canadian Imperial Bank of Commerce Trading Up 1.0%

Shares of CM stock traded up C$1.30 during trading hours on Thursday, hitting C$127.53. The company’s stock had a trading volume of 999,935 shares, compared to its average volume of 3,321,470. The stock has a market cap of C$118.55 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.45. Canadian Imperial Bank of Commerce has a 12-month low of C$76.17 and a 12-month high of C$128.81. The company has a 50 day moving average of C$119.16 and a 200 day moving average of C$108.08.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, December 4th. The company reported C$2.21 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. The company had revenue of C$7.58 billion during the quarter. As a group, analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal 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.