Canadian Imperial Bank of Commerce (CM)
(Delayed Data from NYSE)
$61.66 USD
+0.76 (1.25%)
Updated Sep 19, 2024 04:00 PM ET
After-Market: $61.68 +0.02 (0.03%) 7:58 PM ET
1-Strong Buy of 5 1
D Value C Growth A Momentum B VGM
Canadian Imperial Bank (CM) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$59.97 | $67.34 | $51.73 | -1.53% |
Price Target
Based on short-term price targets offered by 14 analysts, the average price target for Canadian Imperial Bank comes to $59.97. The forecasts range from a low of $51.73 to a high of $67.34. The average price target represents a decline of 1.53% from the last closing price of $60.90.
Analyst Price Targets (14)
Broker Rating
Canadian Imperial Bank currently has an average brokerage recommendation (ABR) of 2.07 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 2.29 a month ago based on 14 recommendations.
Of the 14 recommendations deriving the current ABR, six are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 42.86% and 21.43% of all recommendations. A month ago, Strong Buy made up 35.71%, while Buy represented 14.29%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 6 | 6 | 5 | 5 | 5 |
Buy | 3 | 3 | 2 | 1 | 1 |
Hold | 4 | 4 | 6 | 7 | 6 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 1 | 1 | 1 |
ABR | 2.07 | 2.07 | 2.29 | 2.36 | 2.31 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/30/2024 | BMO Capital Markets | Sohrab Movahedi | Strong Buy | Strong Buy |
8/30/2024 | Cormark Securities | Lemar Persaud | Hold | Moderate Buy |
8/30/2024 | Not Identified | Not Identified | Strong Sell | Strong Sell |
8/30/2024 | Not Identified | Not Identified | Hold | Hold |
8/30/2024 | Scotiabank | Meny Grauman | Strong Buy | Strong Buy |
8/29/2024 | Not Identified | Not Identified | Hold | Hold |
8/15/2024 | National Bank Financial | Gabrial Dechaine | Strong Buy | Strong Buy |
8/8/2024 | TD Securities | Mario Mendonca | Strong Buy | Strong Buy |
8/2/2024 | Desjardins Securities | Doug Young | Hold | Moderate Buy |
7/2/2024 | UBS | Jill Shea | Not Available | Hold |
6/6/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
6/3/2024 | Keefe Bruyette & Woods | Mike Rizvanovic | Hold | Moderate Buy |
3/1/2024 | Canaccord Genuity | Matthew Lee | Hold | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.07 |
ABR (Last week) | 2.07 |
# of Recs in ABR | 14 |
Average Target Price | $59.97 |
LT Growth Rate | 6.20% |
Industry | Banks - Foreign |
Industry Rank by ABR | 28 of 253 |
Current Quarter EPS Est: | 1.28 |
CM FAQs
Canadian Imperial Bank of Commerce (CM) currently has an average brokerage recommendation (ABR) of 2.07 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms.
The average price target for Canadian Imperial Bank of Commerce (CM) is $59.97. The current on short-term price targets is based on 6 reports.
The forecasts for Canadian Imperial Bank of Commerce (CM) range from a low of $51.73 to a high of $67.34. The average price target represents a decline of $1.53 from the last closing price of $60.90.
The current DOWNSIDE for Canadian Imperial Bank of Commerce (CM) is 1.53%
Based on short-term price targets offered by 14 analysts, the average price target for Canadian Imperial Bank comes to $59.97. The forecasts range from a low of $51.73 to a high of $67.34. The average price target represents a decline of 1.53% from the last closing price of $60.90.