Canadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$73.00

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its price objective raised by Scotiabank from C$69.00 to C$73.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 8.57% from the stock's current price.

CM has been the subject of several other reports. Jefferies Financial Group lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$76.00 to C$77.00 in a research note on Monday. Royal Bank of Canada upped their target price 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 note on Friday, March 1st. National Bankshares lifted their price target on Canadian Imperial Bank of Commerce from C$73.00 to C$76.00 and gave the company an "outperform" rating in a research report on Friday. Desjardins upped their price objective on Canadian Imperial Bank of Commerce from C$66.00 to C$67.00 and gave the stock a "hold" rating in a research report on Monday, May 6th. Finally, Canaccord Genuity Group raised their price target 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. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$67.23.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE:CM traded up C$0.62 during trading hours on Friday, hitting C$67.24. The company's stock had a trading volume of 3,967,873 shares, compared to its average volume of 3,655,329. The firm's fifty day moving average price is C$66.67 and its 200 day moving average price is C$62.01. Canadian Imperial Bank of Commerce has a 52 week low of C$47.44 and a 52 week high of C$69.42. The company has a market capitalization of C$63.02 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 3.01 and a beta of 1.10.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last announced its quarterly earnings results on Thursday, February 29th. The company reported C$1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.69 by C$0.12. The business had revenue of C$6.22 billion for the quarter, compared to the consensus estimate 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%. On average, equities research analysts predict 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.