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

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM had its target price hoisted by Cormark from C$99.00 to C$104.00 in a report released on Friday,BayStreet.CA reports. Cormark's target price points to a potential upside of 10.23% from the company's previous close. Cormark also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $8.65 EPS.

A number of other research analysts have also weighed in on CM. Jefferies Financial Group decreased their target price on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Canaccord Genuity Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$92.00 in a report on Tuesday, November 19th. National Bankshares raised their target price on shares of Canadian Imperial Bank of Commerce from C$86.00 to C$94.00 in a research note on Wednesday, November 20th. BMO Capital Markets upped their price target on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada raised their price objective on shares of Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the stock a "sector perform" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$90.00.

Canadian Imperial Bank of Commerce Stock Performance

Canadian Imperial Bank of Commerce stock traded up C$0.81 during midday trading on Friday, reaching C$94.35. 5,755,073 shares of the company's stock were exchanged, compared to its average volume of 3,719,927. The stock's 50-day simple moving average is C$87.10 and its 200 day simple moving average is C$76.21. The firm has a market cap of C$89.16 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52 week low of C$57.52 and a 52 week high of C$94.81.

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Senior Officer Christina Charlotte Kramer sold 37,022 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$83.40, for a total value of C$3,087,634.80. Also, Director Harry Kenneth Culham sold 800 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$83.20, for a total value of C$66,560.00. In the last three months, insiders have sold 197,527 shares of company stock valued at $16,381,457. 0.02% of the stock is owned by corporate 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.