CIBC Given Consensus Rating of “Hold” by Analysts (NYSE:CM)
CIBC (NYSE:CM) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $86.67.
CIBC (NYSE:CM) traded down 0.05% on Thursday, hitting $81.06. 23,964 shares of the company’s stock traded hands. CIBC has a 52-week low of $69.92 and a 52-week high of $87.51. The stock has a 50-day moving average of $80.32 and a 200-day moving average of $81.2. The company has a market cap of $32.315 billion and a price-to-earnings ratio of 9.67.
CIBC (NYSE:CM) last posted its quarterly earnings results on Thursday, December 5th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by $0.01. Analysts expect that CIBC will post $8.54 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Scotiabank downgraded shares of CIBC to a “sector perform” rating in a research note on Wednesday. Separately, analysts at RBC Capital initiated coverage on shares of CIBC in a research note on Friday, January 3rd. They set a “sector perform” rating and a $97.00 price target on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of CIBC in a research note on Friday, December 6th.
Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.
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