Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM)‘s stock had its “underperform” rating reiterated by analysts at CSFB in a research report issued to clients and investors on Tuesday. They currently have a C$112.00 price objective on the stock. CSFB’s price target suggests a potential upside of 8.75% from the company’s current price.

Several other equities analysts have also weighed in on CM. Dundee Securities restated a “buy” rating and set a C$123.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, September 21st. Desjardins increased their price target on shares of Canadian Imperial Bank of Commerce from C$109.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 26th. TD Securities increased their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 and gave the company a “hold” rating in a research report on Friday, August 26th. BMO Capital Markets reiterated a “market perform” rating and set a C$103.00 target price on shares of Canadian Imperial Bank of Commerce in a research report on Friday, August 26th. Finally, National Bank Financial increased their target price on shares of Canadian Imperial Bank of Commerce from C$95.00 to C$98.00 and gave the stock an “underperform” rating in a research report on Friday, August 26th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Canadian Imperial Bank of Commerce has a consensus rating of “Hold” and an average price target of C$105.38.

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

Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at 102.99 on Tuesday. Canadian Imperial Bank of Commerce has a 52 week low of $82.19 and a 52 week high of $104.97. The firm has a market cap of $40.66 billion and a PE ratio of 10.00. The firm has a 50-day moving average of $100.56 and a 200 day moving average of $100.74.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, September 28th were paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Monday, September 26th.

Canadian Imperial Bank of Commerce Company Profile

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.

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