Canadian Imperial Bank of Commerce (CM) Scheduled to Post Quarterly Earnings on Thursday

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) is set to announce its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Canadian Imperial Bank of Commerce Stock Performance

NYSE CM opened at $63.47 on Wednesday. The business has a 50-day moving average price of $62.87 and a 200-day moving average price of $55.81. The firm has a market cap of $59.95 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. Canadian Imperial Bank of Commerce has a twelve month low of $41.44 and a twelve month high of $65.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

CM has been the subject of a number of research analyst reports. Cormark raised shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a report on Friday, August 30th. BMO Capital Markets raised their target price on shares of Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. StockNews.com cut shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Bank of America raised shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has a consensus rating of “Hold” and an average target price of $81.00.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.