Royal Bank Of Canada Forecasts Strong Price Appreciation for Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target increased by analysts at Royal Bank Of Canada from C$134.00 to C$158.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.67% from the company’s current price.

A number of other equities analysts have also weighed in on CM. Desjardins upped their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an “outperform” rating in a research note on Friday. Barclays raised shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to an “overweight” rating and raised their price objective for the company from C$126.00 to C$137.00 in a research note on Thursday, February 19th. TD Securities boosted their target price on shares of Canadian Imperial Bank of Commerce from C$134.00 to C$142.00 in a research report on Monday, February 9th. Finally, Canaccord Genuity Group raised their price target on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research report on Friday. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$146.05.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM opened at C$137.79 on Friday. The stock has a 50-day moving average of C$129.18 and a 200-day moving average of C$119.61. The company has a market cap of C$127.68 billion, a PE ratio of 16.08, a P/E/G ratio of 3.03 and a beta of 1.26. Canadian Imperial Bank of Commerce has a one year low of C$76.17 and a one year high of C$143.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share for the quarter. The business had revenue of C$8.40 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. Analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

Insider Buying and Selling

In other Canadian Imperial Bank of Commerce news, insider Frank Guse sold 5,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of C$127.16, for a total transaction of C$635,800.00. Following the transaction, the insider owned 1,359 shares of the company’s stock, valued at C$172,810.44. This trade represents a 78.63% decrease in their position. Company insiders own 0.02% of the company’s stock.

Key Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “Buy” rating (≈11% upside versus the current price). BayStreet.CA
• Positive Sentiment: BMO Capital Markets bumped its target to C$150 and set an “Outperform” rating (≈8.9% upside). BayStreet.CA
• Positive Sentiment: Royal Bank of Canada raised its target to C$158 and maintained an “Outperform” (≈14.7% upside). BayStreet.CA
• Positive Sentiment: Scotiabank lifted its target to C$153 with an “Outperform” rating (≈11% upside). BayStreet.CA TickerReport
• Neutral Sentiment: Raymond James raised its target to C$148.50 but retained a “Market Perform” rating (≈7.8% upside). BayStreet.CA
• Neutral Sentiment: National Bank Financial increased its target to C$150 with a “Sector Perform” rating (≈8.9% upside). BayStreet.CA
• Neutral Sentiment: Canaccord Genuity lifted its target to C$145 but kept a “Hold” rating (≈5.2% upside). BayStreet.CA
• Neutral Sentiment: CM reported quarterly results: EPS C$2.76, revenue C$8.40B, ROE 12.61%, net margin 27.87% — solid fundamentals but no headline guidance change in the releases cited. MarketBeat Earnings

Canadian Imperial Bank of Commerce Company Profile

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.