Headlines about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.0073392585438 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
CM has been the subject of a number of research reports. Macquarie initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, October 24th. They set an “underperform” rating and a $89.00 target price for the company. Zacks Investment Research lowered shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Citigroup lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Wednesday, October 25th. Barclays raised shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research note on Tuesday, December 19th. Finally, Canaccord Genuity reissued a “buy” rating and set a $121.00 target price on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $114.00.
Canadian Imperial Bank of Commerce (NYSE:CM) traded down $3.47 during mid-day trading on Monday, hitting $92.33. 707,880 shares of the company traded hands, compared to its average volume of 352,653. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.96. Canadian Imperial Bank of Commerce has a 1-year low of $77.20 and a 1-year high of $100.01. The firm has a market cap of $42,087.79, a price-to-earnings ratio of 10.72, a PEG ratio of 2.97 and a beta of 1.09.
Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its quarterly earnings data on Thursday, November 30th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.20. Canadian Imperial Bank of Commerce had a net margin of 22.45% and a return on equity of 17.57%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.29 billion. sell-side analysts anticipate that Canadian Imperial Bank of Commerce will post 8.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, December 28th were paid a $1.011 dividend. This represents a $4.04 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Wednesday, December 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 49.01%.
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About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.
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