Canadian Imperial Bank of Commerce (TSE:CM) Given a C$180.00 Price Target at National Bank Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$180.00 price objective from equities researchers at National Bank Financial in a report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 12.98% from the company’s previous close.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on Canadian Imperial Bank of Commerce from C$160.00 to C$168.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods set a C$186.00 price objective on Canadian Imperial Bank of Commerce and gave the stock a “market perform” rating in a research report on Friday. Raymond James Financial raised their target price on Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the company a “market perform” rating in a report on Wednesday, August 12th. TD boosted their target price on shares of Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group upped their price target on shares of Canadian Imperial Bank of Commerce from C$143.00 to C$153.00 and gave the stock a “hold” rating in a research note on Thursday, August 13th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$165.46.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM stock traded down C$1.00 during mid-day trading on Monday, hitting C$159.32. The stock had a trading volume of 400,703 shares, compared to its average volume of 2,505,967. The firm has a market cap of C$145.43 billion, a PE ratio of 15.81, a PEG ratio of 3.03 and a beta of 1.40. The company’s 50-day simple moving average is C$164.70 and its 200-day simple moving average is C$150.24. Canadian Imperial Bank of Commerce has a fifty-two week low of C$100.43 and a fifty-two week high of C$172.87.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share (EPS) for the quarter. The firm had revenue of C$8.01 billion during the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. On average, analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, insider Amy Florence South sold 1,200 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of C$160.92, for a total transaction of C$193,104.00. Also, insider Stephen Alan Scholtz sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$162.70, for a total value of C$976,200.00. Insiders sold a total of 17,776 shares of company stock valued at $2,817,744 in the last ninety days. Corporate insiders own 0.02% of the company’s stock.

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.