Canadian Imperial Bank of Commerce (NYSE:CM) Cut to "Hold" at Jefferies Financial Group

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM was downgraded by analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued on Monday, MarketBeat.com reports.

Several other analysts have also weighed in on the stock. StockNews.com upgraded shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $97.00 to $103.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $92.00.

Canadian Imperial Bank of Commerce Trading Up 1.2 %

Shares of Canadian Imperial Bank of Commerce stock traded up $0.75 on Monday, hitting $61.12. 756,591 shares of the company's stock traded hands, compared to its average volume of 1,138,360. The company has a market capitalization of $57.46 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. The company has a fifty day moving average of $57.94 and a two-hundred day moving average of $61.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. Canadian Imperial Bank of Commerce has a one year low of $46.50 and a one year high of $67.45.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Crews Bank & Trust bought a new stake in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $25,000. Operose Advisors LLC bought a new stake in Canadian Imperial Bank of Commerce during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth approximately $30,000. Sandy Spring Bank purchased a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth approximately $32,000. Finally, IFP Advisors Inc lifted its holdings in shares of Canadian Imperial Bank of Commerce by 318.1% in the fourth quarter. IFP Advisors Inc now owns 531 shares of the bank's stock valued at $34,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 49.88% of the company's stock.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.