Canadian Imperial Bank of Commerce (TSE:CM) Given New C$135.00 Price Target at BMO Capital Markets

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target hoisted by research analysts at BMO Capital Markets from C$130.00 to C$135.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 6.86% from the stock’s current price.

A number of other equities research analysts have also commented on CM. Raymond James Financial upped their price target 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 report on Friday, December 5th. Royal Bank Of Canada lifted their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a research note on Friday, December 5th. Scotiabank increased 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 research report on Friday, December 5th. Desjardins raised their price target on shares of Canadian Imperial Bank of Commerce from C$126.00 to C$132.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Barclays boosted their price target on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research report on Monday, December 8th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$125.09.

Canadian Imperial Bank of Commerce Trading Down 1.4%

Canadian Imperial Bank of Commerce stock traded down C$1.78 during midday trading on Wednesday, reaching C$126.33. The company’s stock had a trading volume of 957,005 shares, compared to its average volume of 3,321,436. The stock has a market cap of C$117.43 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 3.03 and a beta of 1.45. Canadian Imperial Bank of Commerce has a 52 week low of C$76.17 and a 52 week high of C$128.81. The business has a 50-day moving average price of C$118.88 and a 200-day moving average price of C$107.95.

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