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Equities researchers at Canaccord Genuity raised their price target on shares of Canadian Imperial Bank of Commerce (NYSE:CM) from C$105.00 to C$108.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock.

A number of other analysts have also recently weighed in on CM. Analysts at National Bank Financial raised their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$105.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at CSFB raised their price target on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$115.00 in a research note on Friday. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $98.73.

Canadian Imperial Bank of Commerce (NYSE:CM) traded up 0.36% on Friday, hitting $95.48. 88,215 shares of the company’s stock traded hands. Canadian Imperial Bank of Commerce has a one year low of $76.55 and a one year high of $97.23. The stock has a 50-day moving average of $92.92 and a 200-day moving average of $88.71. The company has a market cap of $37.941 billion and a price-to-earnings ratio of 13.22.

Canadian Imperial Bank of Commerce (NYSE:CM) last issued its quarterly earnings data on Thursday, August 28th. The company reported $2.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $2.04. On average, analysts predict that Canadian Imperial Bank of Commerce will post $8.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 28th. Investors of record on Monday, September 29th will be paid a dividend of $0.9137 per share. This represents a $3.65 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, September 25th.

Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.

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