Jefferies Financial Group Issues Positive Forecast for Canadian Imperial Bank of Commerce (TSE:CM) Stock Price

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its target price lifted by investment analysts at Jefferies Financial Group from C$136.00 to C$143.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential downside of 9.21% from the company’s current price.

Several other research analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Desjardins upped their target price on Canadian Imperial Bank of Commerce from C$152.00 to C$160.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD increased their price objective on Canadian Imperial Bank of Commerce from C$153.00 to C$166.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. TD Securities upped their target price on Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Barclays increased their price objective on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$152.86.

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Canadian Imperial Bank of Commerce Trading Up 2.0%

Shares of TSE CM traded up C$3.08 during trading hours on Wednesday, reaching C$157.50. The stock had a trading volume of 746,436 shares, compared to its average volume of 2,580,840. The firm has a market cap of C$144.96 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 3.03 and a beta of 1.30. Canadian Imperial Bank of Commerce has a fifty-two week low of C$91.92 and a fifty-two week high of C$157.66. The firm has a 50-day moving average of C$141.95 and a 200-day moving average of C$132.05.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its quarterly earnings data on Thursday, February 26th. The company reported C$2.76 earnings per share for the quarter. The firm had revenue of C$8.40 billion during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 14.76% and a net margin of 17.63%. On average, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

About Canadian Imperial Bank of Commerce

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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.

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