Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its price objective hoisted by analysts at BMO Capital Markets from C$77.00 to C$81.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 2.84% from the company’s current price.
A number of other research firms have also recently commented on CM. Royal Bank of Canada raised their price target on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Friday, May 31st. TD Securities boosted their target price on Canadian Imperial Bank of Commerce from C$76.00 to C$83.00 in a research report on Thursday, August 8th. Cormark set a C$72.00 price target on Canadian Imperial Bank of Commerce and gave the stock a “market perform” rating in a research note on Tuesday, August 20th. Barclays raised their price objective on Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Canaccord Genuity Group upped their target price on Canadian Imperial Bank of Commerce from C$74.00 to C$75.00 in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$77.50.
Canadian Imperial Bank of Commerce Price Performance
Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last announced its quarterly earnings data on Thursday, May 30th. The company reported C$1.75 EPS for the quarter, topping the consensus estimate of C$1.66 by C$0.09. The company had revenue of C$6.16 billion during the quarter, compared to the consensus estimate of C$6.11 billion. Canadian Imperial Bank of Commerce had a net margin of 29.25% and a return on equity of 11.92%. Equities analysts expect that Canadian Imperial Bank of Commerce will post 7.3207171 earnings per share for the current year.
Insider Buying and Selling at Canadian Imperial Bank of Commerce
In other news, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$67.50, for a total value of C$1,605,285.00. In other news, Senior Officer John Hountalas sold 20,808 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$65.97, for a total transaction of C$1,372,672.55. Also, Senior Officer Christina Charlotte Kramer sold 23,782 shares of Canadian Imperial Bank of Commerce stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$67.50, for a total value of C$1,605,285.00. Company insiders own 0.02% of the company’s stock.
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.
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