CSFB Analysts Give Canadian Imperial Bank of Commerce (CM) a C$116.00 Price Target

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given a C$116.00 target price by CSFB in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CSFB’s price target points to a potential upside of 4.79% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. National Bank Financial cut their price target on shares of 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. TD Securities cut their price target on shares of 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. Finally, Canaccord Genuity increased their price target on shares of Canadian Imperial Bank of Commerce from C$115.00 to C$121.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$127.00.

Canadian Imperial Bank of Commerce stock traded up C$0.66 during trading hours on Thursday, reaching C$110.70. 825,129 shares of the company’s stock traded hands, compared to its average volume of 1,479,979. Canadian Imperial Bank of Commerce has a fifty-two week low of C$99.51 and a fifty-two week high of C$125.21. The company has a market cap of $48.85 billion and a PE ratio of 9.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, February 28th. The company reported C$3.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$3.12 by C($0.11). The business had revenue of C$4.57 billion for the quarter, compared to the consensus estimate of C$4.62 billion. On average, research analysts expect that Canadian Imperial Bank of Commerce will post 13.1011900247606 earnings per share for the current fiscal 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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