Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target upped by equities researchers at Raymond James Financial from C$135.00 to C$148.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 7.77% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Desjardins upped their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the company a “buy” rating in a report on Monday, February 9th. National Bank Financial upped their price objective on shares of Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday. Canaccord Genuity Group lifted their target price on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the stock a “hold” rating in a research note on Friday. Jefferies Financial Group boosted their target price on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a report on Wednesday, February 11th. Finally, TD Securities raised their price target on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a report on Friday. Six research 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 presently has an average rating of “Moderate Buy” and a consensus price target of C$146.05.

Canadian Imperial Bank of Commerce Trading Down 2.9%

Shares of TSE CM opened at C$137.79 on Friday. The stock 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 12-month low of C$76.17 and a 12-month high of C$143.80. The company has a 50-day moving average of C$129.18 and a 200 day moving average of C$119.61.

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

Insider Activity at Canadian Imperial Bank of Commerce

In related news, insider Frank Guse sold 5,000 shares of the 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 completion of the transaction, the insider owned 1,359 shares of the company’s stock, valued at approximately C$172,810.44. This trade represents a 78.63% decrease in their position. Corporate 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.