Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$132.00 at Desjardins

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target raised by Desjardins from C$126.00 to C$132.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 4.77% from the company’s current price.

A number of other research firms also recently weighed in on CM. Jefferies Financial Group upped their target price on Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. TD Securities upped their price objective on Canadian Imperial Bank of Commerce from C$124.00 to C$134.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada raised their target price on Canadian Imperial Bank of Commerce from C$112.00 to C$113.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. BMO Capital Markets lifted their target price on Canadian Imperial Bank of Commerce from C$107.00 to C$112.00 in a report on Friday, August 29th. Finally, National Bankshares upped their price target on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the company a “sector perform” rating in a report on Friday. Four 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$120.54.

Canadian Imperial Bank of Commerce Trading Down 0.2%

CM traded down C$0.31 on Friday, reaching C$125.99. The company had a trading volume of 1,463,141 shares, compared to its average volume of 3,342,767. The company has a market capitalization of C$117.12 billion, a P/E ratio of 15.23, a PEG ratio of 3.03 and a beta of 1.45. The company has a fifty day moving average of C$116.59 and a 200-day moving average of C$105.89. Canadian Imperial Bank of Commerce has a one year low of C$76.17 and a one year high of C$126.98.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings results on Thursday, December 4th. The company reported C$2.21 EPS for the quarter. The company had revenue of C$7.58 billion for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. Research analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.