Canadian Imperial Commercial Bank (NYSE: CM) (TSE: CM)The stock’s rating was confirmed by stock analysts at Cormark in a report released Tuesday, AnalystRatings.com reports.
Other research analysts recently released reports on the stock. Zacks Investment Research upgraded the shares of the Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and in a report on Friday, February 5, set a price target of $ 98.00 for the company . The Royal Bank of Canada upgraded the shares of the Canadian Imperial Bank of Commerce from a “sector performance” rating to an “outperform” rating in a research report on Friday, December 4th. Canaccord Genuity reassigned a buy rating to shares in the Canadian Imperial Bank of Commerce in a report on Friday, December 4th. Credit Suisse Group raised the shares of the Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 3rd, with a price target of 118.00 for the company USD raised to USD 123.00. Finally, TD Securities confirmed in a research note on Friday, February 26th, a buy rating for shares in the Canadian Imperial Bank of Commerce. Four research analysts for stocks have given the stock a hold rating and eleven a buy rating. The Canadian Imperial Bank of Commerce has an average rating of “Buy” and an average price target of $ 108.41.
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NYSE CM shares opened at $ 97.18 on Tuesday. The company’s 50-day moving average price is $ 89.90 and its 200-day moving average price is $ 83.30. The Canadian Imperial Bank of Commerce has a 1-year low of $ 46.45 and a 1-year high of $ 97.83. The company has a market cap of $ 43.52 billion, a P / E of 15.96, a P / E of 1.97, and a beta of 1.12. The company has a current rate of 1.04, a quick rate of 1.04, and a leverage ratio of 0.15.
The Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) last released its results on Wednesday, February 24th. The bank reported earnings of $ 3.58 per share for the quarter, beating Zacks’ consensus estimate of $ 2.18 by $ 1.40. The Canadian Imperial Bank of Commerce had a net margin of 15.06% and a return on equity of 12.03%. Analysts from stock studies predict that the Canadian Imperial Bank of Commerce will post an EPS of 8.11 for the current year.
A number of hedge funds recently added or reduced their stakes in CM. Norges Bank took a new position in shares of the Canadian Imperial Bank of Commerce in the fourth quarter valued at approximately $ 339,311,000. Healthcare of Ontario’s retirement plan trust fund increased its stake in the Canadian Imperial Bank of Commerce by 8.8% in the fourth quarter. The Healthcare of Ontario Retirement Plan now owns 4,122,168 shares in the bank valued at $ 352,211,000 after purchasing an additional 335,000 shares last quarter. JPMorgan Chase & Co. increased its stake in the Canadian Imperial Bank of Commerce by 19.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,795,085 shares in the bank, valued at $ 153,426,000, after purchasing an additional 293,745 shares last quarter. The Canada Pension Plan Investment Board increased its stake in the Canadian Imperial Bank of Commerce by 176.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,380,000 shares in the bank valued at $ 117,766,000 after purchasing an additional 880,000 shares last quarter. Finally, Advisor Partners LLC increased its position in stocks in the Canadian Imperial Bank of Commerce by 6.5% in the fourth quarter. Advisor Partners LLC now owns 9,156 shares in the bank valued at $ 783,000 after purchasing an additional 558 shares last quarter. Institutional investors hold 42.62% of the company’s shares.
Via the Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce, a diversified financial institution, offers a variety of financial products and services to retail, business, public, and institutional clients in Canada, the United States, and internationally. The company operates in four strategic businesses: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US
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