Canadian Imperial Bank of Commerce (CM) PT Raised to C$121.00 at Canaccord Genuity

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price lifted by equities researchers at Canaccord Genuity from C$115.00 to C$121.00 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price objective would indicate a potential upside of 9.42% from the stock’s previous close.

Other equities analysts have also issued reports about the company. TD Securities dropped their price objective 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 note on Friday, March 1st. National Bank Financial decreased their target price 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$127.00.

Canadian Imperial Bank of Commerce stock opened at C$110.58 on Wednesday. The stock has a market capitalization of $48.85 billion and a PE ratio of 9.78. Canadian Imperial Bank of Commerce has a 52 week low of C$99.51 and a 52 week high of C$125.21.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, February 28th. The company reported C$3.01 EPS for the quarter, missing analysts’ consensus estimates 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. On average, research analysts predict that Canadian Imperial Bank of Commerce will post 13.1011900247606 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Company Profile

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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