Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target hoisted by equities research analysts at Canaccord Genuity from C$115.00 to C$121.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target would indicate a potential upside of 10.13% from the stock’s current price.

Several other brokerages have also recently issued reports on CM. TD Securities dropped their price target on Canadian Imperial Bank of Commerce from C$140.00 to C$135.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. National Bank Financial dropped their price target on Canadian Imperial Bank of Commerce from C$122.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Canadian Imperial Bank of Commerce currently has an average rating of “Hold” and an average price target of C$128.10.

Shares of Canadian Imperial Bank of Commerce stock traded up C$0.09 on Wednesday, hitting C$109.87. The stock had a trading volume of 924,273 shares, compared to its average volume of 1,482,996. Canadian Imperial Bank of Commerce has a 52-week low of C$99.51 and a 52-week high of C$125.21. The company has a market capitalization of $48.56 billion and a P/E ratio of 9.72.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, February 28th. The company reported C$3.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$3.12 by C($0.11). The firm had revenue of C$4.57 billion during the quarter, compared to analyst estimates of C$4.62 billion. Sell-side analysts forecast that Canadian Imperial Bank of Commerce will post 13.1099989556957 earnings per share for the current year.

About Canadian Imperial Bank of Commerce

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

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