Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective raised by equities researchers at CSFB from C$125.00 to C$134.00 in a research note issued on Friday. CSFB’s price target points to a potential upside of 9.36% from the stock’s current price.

A number of other analysts have also weighed in on CM. Citigroup lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and upped their price objective for the stock from C$113.00 to C$120.00 in a research note on Wednesday, October 25th. Canaccord Genuity set a C$121.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, November 1st. Barclays upped their price objective on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research note on Friday, December 1st. National Bank Financial upped their price objective on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Finally, Royal Bank of Canada upped their price objective on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$128.00 and gave the stock a “sector perform” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$126.40.

Shares of Canadian Imperial Bank of Commerce (TSE CM) opened at C$122.53 on Friday. The stock has a market cap of $54,160.00, a price-to-earnings ratio of 10.87 and a beta of 0.77. Canadian Imperial Bank of Commerce has a one year low of C$103.84 and a one year high of C$124.37.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data on Thursday, November 30th. The company reported C$2.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$2.62 by C$0.19. 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 company’s stock in a transaction dated 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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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.

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

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