National Bankshares Boosts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$86.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target raised by research analysts at National Bankshares from C$78.00 to C$86.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 9.55% from the company’s previous close.

CM has been the subject of several other research reports. TD Securities lifted their target price on shares of Canadian Imperial Bank of Commerce from C$76.00 to C$83.00 in a report on Thursday, August 8th. Jefferies Financial Group lowered their target price on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating for the company in a report on Monday, August 12th. Scotiabank boosted their price target on shares of Canadian Imperial Bank of Commerce from C$77.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets raised their price objective on shares of Canadian Imperial Bank of Commerce from C$74.00 to C$77.00 in a research note on Friday, May 31st. Finally, Royal Bank of Canada lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.50.

Canadian Imperial Bank of Commerce Trading Up 1.2 %

CM stock traded up C$0.95 during midday trading on Friday, hitting C$78.50. 1,833,198 shares of the company’s stock were exchanged, compared to its average volume of 3,686,590. Canadian Imperial Bank of Commerce has a 1-year low of C$47.44 and a 1-year high of C$79.62. The stock has a market capitalization of C$74.03 billion, a PE ratio of 11.98, a P/E/G ratio of 3.01 and a beta of 1.12. The business has a 50-day simple moving average of C$69.01 and a two-hundred day simple moving average of C$67.04.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, May 30th. The company reported C$1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.66 by C$0.09. Canadian Imperial Bank of Commerce had a return on equity of 11.92% and a net margin of 29.25%. The firm had revenue of C$6.16 billion during the quarter, compared to the consensus estimate of C$6.11 billion. As a group, research analysts expect that Canadian Imperial Bank of Commerce will post 7.3207171 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$67.50, for a total value of C$1,605,285.00. In other news, Senior Officer Christina Charlotte Kramer sold 23,782 shares of the business’s 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 transaction of C$1,605,285.00. Also, Senior Officer John Hountalas sold 20,808 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$65.97, for a total transaction of C$1,372,672.55. 0.02% of the stock is owned by company insiders.

Canadian Imperial Bank of Commerce Company Profile

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.