Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$130.00 at BMO Capital Markets

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

A number of other equities analysts have also recently weighed in on CM. TD Securities increased their price objective on shares of 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. Desjardins raised their price target on Canadian Imperial Bank of Commerce from C$126.00 to C$132.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial lifted their price objective on Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the company a “market perform” rating in a research note on Friday. Canaccord Genuity Group increased their target price on Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Finally, Barclays raised their target price on Canadian Imperial Bank of Commerce from C$106.00 to C$119.00 and gave the company an “underweight” rating in a report on Monday, November 24th. 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 stock. According to MarketBeat, Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus price target of C$120.54.

Canadian Imperial Bank of Commerce Stock Performance

Shares of Canadian Imperial Bank of Commerce stock traded down C$0.31 during trading hours on Friday, hitting 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 stock has a market cap of C$117.12 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 3.03 and a beta of 1.45. Canadian Imperial Bank of Commerce has a twelve month low of C$76.17 and a twelve month high of C$126.98. The firm has a fifty day moving average of C$116.59 and a 200-day moving average of C$105.89.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, December 4th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$7.58 billion for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. On average, sell-side analysts expect 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

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.