Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price decreased by Cormark from C$116.00 to C$115.00 in a report issued on Friday morning, BayStreet.CA reports. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s Q1 2020 earnings at $2.94 EPS, Q2 2020 earnings at $2.92 EPS, Q3 2020 earnings at $3.02 EPS, Q4 2020 earnings at $3.01 EPS and FY2020 earnings at $11.92 EPS.
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$117.00 in a report on Friday, August 23rd. TD Securities decreased their target price on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$115.00 and set a hold rating for the company in a research note on Friday. Royal Bank of Canada lowered their price target on Canadian Imperial Bank of Commerce from C$124.00 to C$121.00 and set a sector perform rating on the stock in a report on Friday. Scotiabank dropped their price target on Canadian Imperial Bank of Commerce from C$121.00 to C$118.00 in a research note on Friday. Finally, Canaccord Genuity set a C$108.00 price target on Canadian Imperial Bank of Commerce in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus price target of C$113.25.
Shares of CM traded up C$0.99 during mid-day trading on Friday, hitting C$109.87. 1,676,753 shares of the company traded hands, compared to its average volume of 1,585,402. The stock has a 50-day moving average price of C$113.68 and a two-hundred day moving average price of C$106.77. Canadian Imperial Bank of Commerce has a 1 year low of C$97.55 and a 1 year high of C$115.96. The stock has a market cap of $48.94 billion and a price-to-earnings ratio of 9.63.
In other Canadian Imperial Bank of Commerce news, Director Katharine Berghuis Stevenson bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was bought at an average cost of C$109.52 per share, for a total transaction of C$438,080.00. Following the completion of the transaction, the director now owns 20,352 shares of the company’s stock, valued at approximately C$2,228,951.04.
Canadian Imperial Bank of Commerce Company Profile
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 four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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