Canadian Imperial Bank of Commerce (TSE:CM) Given a C$186.00 Price Target by Keefe, Bruyette & Woods Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) received a C$186.00 price objective from Keefe, Bruyette & Woods in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.45% from the stock’s current price.

Several other brokerages have also recently weighed in on CM. Barclays upped their target price on Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a report on Friday. Desjardins cut shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and increased their target price for the stock from C$160.00 to C$173.00 in a report on Wednesday, August 5th. TD boosted their price target on shares of Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Raymond James Financial upped their price target on shares of Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Finally, Scotiabank boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian Imperial Bank of Commerce currently has a consensus rating of “Hold” and an average target price of C$165.46.

Canadian Imperial Bank of Commerce Stock Up 0.8%

CM traded up C$1.34 on Friday, reaching C$161.11. 516,201 shares of the company traded hands, compared to its average volume of 2,511,593. The company has a market cap of C$147.06 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 3.03 and a beta of 1.40. Canadian Imperial Bank of Commerce has a one year low of C$100.43 and a one year high of C$172.87. The firm has a fifty day simple moving average of C$164.67 and a two-hundred day simple moving average of C$150.02.

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

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In other news, insider Christopher John Anderson sold 8,490 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$155.50, for a total transaction of C$1,320,195.00. Following the completion of the sale, the insider owned 6,252 shares of the company’s stock, valued at C$972,186. The trade was a 57.59% decrease in their ownership of the stock. Also, insider Stephen Alan Scholtz sold 6,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$162.70, for a total transaction of C$976,200.00. Insiders have sold a total of 17,776 shares of company stock valued at $2,817,744 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

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.