Canadian Bank of Commerce (CM) Gets a Hold from Raymond James

In a report released today, Stephen Boland from Raymond James maintained a Hold rating on Canadian Bank of Commerce, with a price target of C$148.50.

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According to TipRanks, Boland is a 4-star analyst with an average return of 5.5% and a 53.04% success rate. Boland covers the Financial sector, focusing on stocks such as Toronto Dominion Bank, Bank Of Nova Scotia, and Canadian Bank of Commerce.

In addition to Raymond James, Canadian Bank of Commerce also received a Hold from National Bank’s Gabriel Dechaine in a report issued today. However, on the same day, RBC Capital maintained a Buy rating on Canadian Bank of Commerce (NYSE: CM).

Based on Canadian Bank of Commerce’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$15.51 billion and a net profit of C$2.17 billion. In comparison, last year the company earned a revenue of C$6.6 billion and had a net profit of C$1.87 billion

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CM in relation to earlier this year.