Canadian Imperial Bank of Commerce (CM) Price Target Raised to C$136.00 at National Bank Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target increased by equities researchers at National Bank Financial from C$133.00 to C$136.00 in a report released on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 14.40% from the company’s previous close. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s Q4 2018 earnings at $2.79 EPS.

CM has been the subject of several other reports. TD Securities raised their price objective on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Canaccord Genuity set a C$131.00 price objective on shares of Canadian Imperial Bank of Commerce in a research report on Friday. Royal Bank of Canada raised their price objective on shares of Canadian Imperial Bank of Commerce from C$138.00 to C$141.00 and gave the stock a “sector perform” rating in a research report on Friday. Barclays upgraded shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “outperform” rating in a research report on Tuesday, December 19th. Finally, CSFB raised their price objective on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$132.00.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded up C$1.95 during mid-day trading on Friday, reaching C$118.88. 1,133,735 shares of the company’s stock traded hands, compared to its average volume of 1,413,707. The firm has a market capitalization of $52,410.00, a P/E ratio of 10.88 and a beta of 0.72. Canadian Imperial Bank of Commerce has a 1 year low of C$103.84 and a 1 year high of C$124.37.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, November 30th. The company reported C$2.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.62 by C$0.19. The firm had revenue of C$4.27 billion during the quarter, compared to the consensus estimate of C$4.19 billion. Canadian Imperial Bank of Commerce had a net margin of 27.27% and a return on equity of 15.90%.

In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.

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About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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