Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its target price upped by equities research analysts at TD Securities from C$142.00 to C$153.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 11.34% from the company’s current price.
CM has been the topic of several other research reports. BMO Capital Markets raised their target price on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank upped their price objective on Canadian Imperial Bank of Commerce from C$138.00 to C$153.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial raised their target price on Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday. Canaccord Genuity Group upped their price target on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research report on Friday. Finally, Raymond James Financial raised their price objective on shares of Canadian Imperial Bank of Commerce from C$122.00 to C$135.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and an average price target of C$146.05.
Canadian Imperial Bank of Commerce Trading Down 3.1%
Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its quarterly earnings data on Thursday, February 26th. The company reported C$2.76 EPS for the quarter. The company had revenue of C$8.40 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. On average, equities analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.
Insider Buying and Selling
In other news, insider Frank Guse sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of C$127.16, for a total value of C$635,800.00. Following the transaction, the insider directly owned 1,359 shares in the company, valued at C$172,810.44. The trade was a 78.63% decrease in their ownership of the stock. 0.02% of the stock is currently owned by corporate insiders.
Canadian Imperial Bank of Commerce News Summary
Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:
- Positive Sentiment: BMO Capital Markets raised its target to C$150 and kept an “outperform” rating (about a 9.1% upside vs. the cited reference price). BayStreet.CA
- Positive Sentiment: RBC boosted its target to C$158 and maintained an “outperform” rating (roughly 14.9% upside), signaling confidence in the bank’s outlook. BayStreet.CA
- Positive Sentiment: Scotiabank raised its target to C$153 with an “outperform” call (about 11.2% upside), adding to the wave of bullish analyst revisions. BayStreet.CA TickerReport
- Positive Sentiment: National Bank Financial lifted its target to C$150 and assigned a “sector perform” rating, reflecting modest upside expectations. BayStreet.CA
- Positive Sentiment: Canaccord Genuity increased its target to C$145 with a “hold” rating, indicating some upside but more cautious near-term conviction. BayStreet.CA
- Neutral Sentiment: The bank reported quarterly results showing C$2.76 EPS and revenue of C$8.40 billion, with ROE ~12.6% and a net margin of ~27.9% — solid fundamentals but the headlines alone don’t clearly explain intraday selling. MarketBeat Earnings
- Negative Sentiment: Despite the analyst upgrades and decent quarterly metrics, shares are down — likely due to profit-taking after a recent run toward the 1‑year high and investor focus on valuation (the stock’s PEG and P/E were noted by market trackers). This suggests short-term technical/flow factors are outweighing the upgrades. Market Context
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.
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