Canadian Imperial Bank of Commerce (TSE:CM) Given a C$81.00 Price Target by CSFB Analysts

Canadian Imperial Bank of Commerce (TSE:CMGet Rating) (NYSE:CM) has been given a C$81.00 target price by equities researchers at CSFB in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CSFB’s target price suggests a potential upside of 19.24% from the stock’s previous close.

Several other analysts have also commented on the stock. Scotiabank lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$166.00 to C$83.00 in a research report on Friday. TD Securities boosted their price target on shares of Canadian Imperial Bank of Commerce from C$180.00 to C$185.00 and gave the company a “buy” rating in a research report on Monday, February 28th. National Bankshares boosted their price target on shares of Canadian Imperial Bank of Commerce from C$165.00 to C$167.00 in a research report on Wednesday, February 23rd. BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$165.00 to C$170.00 in a research report on Monday, February 28th. Finally, Canaccord Genuity Group upped their target price on shares of Canadian Imperial Bank of Commerce from C$173.00 to C$178.00 in a report on Monday, February 28th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Buy” and an average price target of C$152.35.

Canadian Imperial Bank of Commerce stock traded down C$0.60 during midday trading on Friday, hitting C$67.93. 1,162,421 shares of the stock were exchanged, compared to its average volume of 3,208,971. The stock has a market capitalization of C$61.31 billion and a price-to-earnings ratio of 4.71. Canadian Imperial Bank of Commerce has a 52-week low of C$66.05 and a 52-week high of C$83.75. The business’s 50-day moving average price is C$142.51 and its 200-day moving average price is C$149.83.

Canadian Imperial Bank of Commerce (TSE:CMGet Rating) (NYSE:CM) last announced its quarterly earnings data on Friday, February 25th. The company reported C$4.08 EPS for the quarter, topping the consensus estimate of C$3.61 by C$0.47. The company had revenue of C$5.50 billion during the quarter. As a group, analysts predict that Canadian Imperial Bank of Commerce will post 15.6700007 EPS for the current year.

In other Canadian Imperial Bank of Commerce news, Director Harry Kenneth Culham sold 2,500 shares of the stock in a transaction on Friday, March 4th. The shares were sold at an average price of C$158.98, for a total transaction of C$397,450.00. Following the completion of the sale, the director now owns 2,434 shares of the company’s stock, valued at approximately C$386,957.32. Insiders sold a total of 12,449 shares of company stock valued at $1,973,187 in the last ninety days.

About Canadian Imperial Bank of Commerce (Get Rating)

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 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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