Canadian Imperial Bank of Commerce (TSE:CM) Given New C$67.00 Price Target at Desjardins

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its price target upped by equities research analysts at Desjardins from C$66.00 to C$67.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' price objective would indicate a potential upside of 1.35% from the stock's current price.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on Canadian Imperial Bank of Commerce from C$63.00 to C$68.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. Cormark raised their price target on shares of Canadian Imperial Bank of Commerce from C$64.00 to C$68.00 in a research note on Friday, March 1st. TD Securities raised shares of Canadian Imperial Bank of Commerce from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$65.00 to C$70.00 in a research report on Friday, March 1st. Canaccord Genuity Group raised their target price on shares of Canadian Imperial Bank of Commerce from C$64.00 to C$67.00 and gave the company a "hold" rating in a research report on Friday, March 1st. Finally, BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$74.00 in a research report on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce currently has a consensus rating of "Hold" and an average price target of C$65.88.

Canadian Imperial Bank of Commerce Trading Up 0.9 %

Canadian Imperial Bank of Commerce stock traded up C$0.60 during mid-day trading on Monday, hitting C$66.11. The stock had a trading volume of 1,579,138 shares, compared to its average volume of 3,855,348. The stock has a 50-day simple moving average of C$66.38 and a two-hundred day simple moving average of C$61.15. The stock has a market capitalization of C$61.96 billion, a PE ratio of 10.11, a P/E/G ratio of 3.01 and a beta of 1.10. Canadian Imperial Bank of Commerce has a 12 month low of C$47.44 and a 12 month high of C$69.42.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last issued its earnings results on Thursday, February 29th. The company reported C$1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.69 by C$0.12. The firm had revenue of C$6.22 billion for the quarter, compared to analysts' expectations of C$6.07 billion. Canadian Imperial Bank of Commerce had a return on equity of 12.14% and a net margin of 29.50%. Sell-side analysts expect that Canadian Imperial Bank of Commerce will post 6.8168574 earnings per share 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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.