Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Expected to Rise, TD Securities Analyst Says

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target hoisted by equities research analysts at TD Securities from C$142.00 to C$153.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 11.04% from the company’s current price.

CM has been the subject of several other reports. Barclays raised shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to an “overweight” rating and lifted their target price for the stock from C$126.00 to C$137.00 in a report on Thursday, February 19th. Royal Bank Of Canada increased their price target on shares of Canadian Imperial Bank of Commerce from C$134.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on 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. Desjardins lifted their target price on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Raymond James Financial upped their price target on Canadian Imperial Bank of Commerce from C$122.00 to C$135.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$146.05.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock opened at C$137.79 on Friday. The company has a market capitalization of C$127.68 billion, a P/E ratio of 16.08, a PEG ratio of 3.03 and a beta of 1.26. The stock has a 50 day moving average price of C$129.18 and a two-hundred day moving average price of C$119.61. Canadian Imperial Bank of Commerce has a fifty-two week low of C$76.17 and a fifty-two week high of C$143.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data 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 during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. As a group, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Insider Activity

In other news, insider Frank Guse sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was 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 in the company, valued at approximately C$172,810.44. This trade represents a 78.63% decrease in their ownership of the stock. 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

About Canadian Imperial Bank of Commerce

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.