Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its target price lowered by equities researchers at Jefferies Financial Group from C$79.00 to C$78.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 11.99% from the stock’s current price.
CM has been the topic of a number of other reports. Scotiabank raised their price objective on Canadian Imperial Bank of Commerce from C$73.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, May 31st. TD Securities raised their price objective on Canadian Imperial Bank of Commerce from C$76.00 to C$83.00 in a report on Thursday. UBS Group set a C$70.00 price objective on Canadian Imperial Bank of Commerce and gave the company a “neutral” rating in a report on Tuesday, July 2nd. National Bankshares raised their price objective on Canadian Imperial Bank of Commerce from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, BMO Capital Markets raised their price objective on Canadian Imperial Bank of Commerce from C$74.00 to C$77.00 in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$70.93.
View Our Latest Analysis on CM
Canadian Imperial Bank of Commerce Stock Down 0.4 %
Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its quarterly earnings results on Thursday, May 30th. The company reported C$1.75 earnings per share for the quarter, beating the consensus estimate of C$1.66 by C$0.09. Canadian Imperial Bank of Commerce had a return on equity of 12.14% and a net margin of 29.50%. The firm had revenue of C$6.16 billion for the quarter, compared to analysts’ expectations of C$6.11 billion. Equities analysts forecast that Canadian Imperial Bank of Commerce will post 6.7699387 earnings per share for the current year.
Insider Transactions at Canadian Imperial Bank of Commerce
In other news, Senior Officer John Hountalas sold 20,808 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$65.97, for a total value of C$1,372,672.55. In related news, Senior Officer John Hountalas sold 20,808 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred 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 that occurred on Friday, June 7th. The shares were sold at an average price of C$67.50, for a total value of C$1,605,285.00. Corporate insiders own 0.03% of the company’s stock.
About Canadian Imperial Bank of Commerce
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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