Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective upped by equities research analysts at Royal Bank of Canada from C$136.00 to C$138.00 in a research note issued on Wednesday. Royal Bank of Canada’s price target suggests a potential upside of 19.27% from the company’s previous close.

Several other brokerages also recently weighed in on CM. Canaccord Genuity set a C$121.00 price target on Canadian Imperial Bank of Commerce in a report on Wednesday, November 1st. Barclays raised their price objective on Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a report on Friday, December 1st. CSFB raised their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a report on Friday, January 19th. Scotiabank raised their price objective on Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a report on Friday, December 1st. Finally, National Bank Financial raised their price objective on Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$127.90.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) traded up C$0.99 during midday trading on Wednesday, hitting C$115.70. The stock had a trading volume of 805,583 shares, compared to its average volume of 1,385,900. Canadian Imperial Bank of Commerce has a 12-month low of C$103.84 and a 12-month high of C$124.37. The stock has a market capitalization of $50,750.00, a P/E ratio of 10.27 and a beta of 0.72.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$2.81 earnings per share for the quarter, topping the consensus estimate of C$2.62 by C$0.19. Canadian Imperial Bank of Commerce had a return on equity of 15.90% and a net margin of 27.27%.

In other Canadian Imperial Bank of Commerce news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the stock in a transaction on Thursday, December 14th. The stock was 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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