Barclays Forecasts Strong Price Appreciation for Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price hoisted by equities research analysts at Barclays from C$137.00 to C$141.00 in a research note issued to investors on Monday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 1.61% from the stock’s current price.

CM has been the subject of several other reports. Jefferies Financial Group lifted their price objective on Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a report on Wednesday, February 11th. Canaccord Genuity Group boosted their price target on Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets upped their price objective on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Canadian Imperial Bank of Commerce from C$134.00 to C$158.00 and gave the company an “outperform” rating in a report on Friday. Finally, Desjardins boosted 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 report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$146.45.

Canadian Imperial Bank of Commerce Trading Up 0.7%

TSE CM traded up C$0.97 during trading on Monday, reaching C$138.76. The company’s stock had a trading volume of 740,947 shares, compared to its average volume of 2,570,205. The firm has a 50 day moving average price of C$129.18 and a 200 day moving average price of C$119.74. Canadian Imperial Bank of Commerce has a 12 month low of C$76.17 and a 12 month high of C$143.80. The firm has a market capitalization of C$128.58 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26.

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

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, insider Frank Guse sold 5,000 shares of Canadian Imperial Bank of Commerce stock in a transaction dated 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 directly owned 1,359 shares of the company’s stock, valued at approximately C$172,810.44. The trade was a 78.63% decrease in their position. 0.02% of the stock is currently owned by corporate insiders.

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.