Royal Bank Of Canada Increases Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$134.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective raised by analysts at Royal Bank Of Canada from C$131.00 to C$134.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.11% from the company’s current price.

CM has been the subject of several other research reports. Barclays raised their price objective on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research report on Monday, December 8th. TD Securities raised their price target on shares of Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Raymond James Financial raised their target price 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. BMO Capital Markets lifted their price target on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 in a report on Wednesday, December 17th. Finally, Jefferies Financial Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$125.64.

Canadian Imperial Bank of Commerce Trading Up 1.0%

TSE CM traded up C$1.27 during trading on Monday, reaching C$127.49. The company’s stock had a trading volume of 1,083,843 shares, compared to its average volume of 1,130,032. Canadian Imperial Bank of Commerce has a 12 month low of C$76.17 and a 12 month high of C$128.87. The firm has a market capitalization of C$118.13 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. The firm has a 50 day moving average price of C$122.30 and a 200 day moving average price of C$110.96.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, December 4th. The company reported C$2.21 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 firm had revenue of C$7.58 billion during the quarter. On average, equities analysts forecast 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.