Canadian Imperial Bank of Commerce (CM) Announces Quarterly Earnings, Meets Expectations
Canadian Imperial Bank of Commerce (NYSE:CM) issued its quarterly earnings data on Thursday. The company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.04, AnalystRatingsNetwork.com reports.
Canadian Imperial Bank of Commerce (NYSE:CM) opened at 97.05 on Thursday. Canadian Imperial Bank of Commerce has a one year low of $76.25 and a one year high of $97.23. The stock has a 50-day moving average of $92.82 and a 200-day moving average of $88.66. The company has a market cap of $38.565 billion and a price-to-earnings ratio of 13.31.
A number of research firms have recently commented on CM. Analysts at Barclays reiterated an “underweight” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, August 19th. They now have a $105.00 price target on the stock, up previously from $100.00. On the ratings front, analysts at Macquarie upgraded shares of Canadian Imperial Bank of Commerce from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. Finally, analysts at Macquarie initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Monday, July 14th. They set an “outperform” rating and a $24.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus price target of $92.80.
Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.
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