BMO Capital Markets Raises Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$135.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective hoisted by stock analysts at BMO Capital Markets from C$130.00 to C$135.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 6.86% from the stock’s previous close.

Several other equities research analysts also recently issued reports on CM. TD Securities increased their price objective on shares of Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Scotiabank upped their target price on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. National Bankshares lifted their price target on Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the company a “sector perform” rating in a research note on Friday, December 5th. Canaccord Genuity Group upped their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Finally, Barclays boosted their target price on Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of “Hold” and an average price target of C$125.09.

Canadian Imperial Bank of Commerce Trading Down 1.4%

Shares of Canadian Imperial Bank of Commerce stock traded down C$1.78 during trading on Wednesday, reaching C$126.33. The company’s stock had a trading volume of 957,005 shares, compared to its average volume of 3,321,436. The stock has a 50-day moving average price of C$118.88 and a two-hundred day moving average price of C$107.95. The stock has a market capitalization of C$117.43 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 3.03 and a beta of 1.45. Canadian Imperial Bank of Commerce has a one year low of C$76.17 and a one year high of C$128.81.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings data on Thursday, December 4th. The company reported C$2.21 EPS for the quarter. The firm had revenue of C$7.58 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. As a group, sell-side analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.