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 price target increased by research analysts at National Bank Financial from C$150.00 to C$152.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential downside of 0.64% from the stock’s current price.

A number of other equities analysts also recently weighed in on CM. TD Securities raised their target price on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Scotiabank raised their target price on shares of Canadian Imperial Bank of Commerce from C$153.00 to C$159.00 and gave the company a “sector outperform” rating in a research note on Monday, May 4th. TD raised their target price on shares of Canadian Imperial Bank of Commerce from C$153.00 to C$166.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Desjardins raised their target price on shares of 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. Finally, Royal Bank Of Canada reduced their price target on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce currently has an average rating of “Moderate Buy” and a consensus price target of C$150.68.

Canadian Imperial Bank of Commerce Stock Down 0.4%

Shares of TSE CM traded down C$0.69 on Friday, reaching C$152.98. 547,193 shares of the company’s stock traded hands, 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 business’s 50 day simple moving average is C$140.94 and its two-hundred day simple moving average is C$131.25. The company has a market cap of C$140.80 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 3.03 and a beta of 1.30.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%. The business had revenue of C$8.40 billion during the quarter. Analysts forecast 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.