Analysts take a look at Canadian Imperial Bank of Commerce (TSE:CM) having this to say.

July 18, 2017 - By Darrin Black

 Analysts take a look at Canadian Imperial Bank of Commerce (TSE:CM) having this to say.

Canadian Imperial Bank of Commerce (TSE:CM) Ratings Coverage

Among 9 analysts covering Canadian Imperial Bank Of Commerce (TSE:CM), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Canadian Imperial Bank Of Commerce had 44 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, May 26. The rating was maintained by RBC Capital Markets on Friday, March 31 with “Sector Perform”. The company was downgraded on Friday, December 4 by TD Securities. On Wednesday, September 21 the stock rating was maintained by Dundee Securities with “Buy”. Canaccord Genuity maintained the stock with “” rating in Tuesday, November 22 report. The firm earned “Neutral” rating on Friday, March 31 by Credit Suisse. The rating was maintained by Scotia Capital on Friday, March 31 with “Sector Perform”. The firm has “Buy” rating given on Thursday, October 15 by Beaufort Securities. The firm has “Sector Perform” rating by Scotia Capital given on Friday, October 21. The stock of Canadian Imperial Bank of Commerce (TSE:CM) earned “Sector Perform” rating by Scotia Capital on Thursday, January 19. Below is a list of Canadian Imperial Bank of Commerce (TSE:CM) latest ratings and price target changes.

26/05/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $120.00 New Target: $118.00 Target Down
26/05/2017 Broker: National Bank Canada Rating: Outperform Old Target: $130.00 New Target: $125.00 Target Down
26/05/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $119.00 Maintain
31/03/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Upgrade
31/03/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $119.00 Maintain
31/03/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $126.00 Maintain
24/02/2017 Broker: Scotia Capital Rating: Sector Perform Old Target: $124.00 New Target: $126.00 Target Up
24/02/2017 Broker: TD Securities Rating: Hold Old Target: $120.00 New Target: $125.00 Target Up
24/02/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $118.00 New Target: $119.00 Target Up
30/01/2017 Broker: RBC Capital Markets Rating: Old Target: $112.00 New Target: $118.00 Target Up

It closed at $107.9 lastly. It is down 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

Canadian Imperial Bank of Commerce is a global financial institution. The company has market cap of $46.94 billion. The Firm provides a range of financial services and products to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. It has a 8.99 P/E ratio. The Firm operates through three divisions: Retail and Business Banking, Wealth Management and Capital Markets.

More notable recent Canadian Imperial Bank of Commerce (TSE:CM) news were published by: Nasdaq.com which released: “Canadian Imperial Bank of Commerce (CM) Ex-Dividend Date Scheduled for June 26 …” on June 23, 2017, also Theglobeandmail.com with their article: “CIBC shakes up leadership team amid US push” published on June 20, 2017, Theglobeandmail.com published: “CIBC reshuffles capital markets team amid bank shakeup” on June 21, 2017. More interesting news about Canadian Imperial Bank of Commerce (TSE:CM) were released by: Fool.ca and their article: “RRSP Investors: Should You Buy Canadian Imperial Bank of Commerce Today?” published on July 03, 2017 as well as Fool.ca‘s news article titled: “Are Canadian Imperial Bank of Commerce’s Baby Steps in the US Enough?” with publication date: July 13, 2017.

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