Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$167.79.
CM has been the subject of a number of research analyst reports. National Bank Financial set a C$180.00 target price on Canadian Imperial Bank of Commerce and gave the stock a “sector perform” rating in a report on Monday, August 24th. Keefe, Bruyette & Woods set a C$186.00 price target on Canadian Imperial Bank of Commerce and gave the stock a “hold” rating in a research note on Friday, August 21st. Jefferies Financial Group upped their price target on Canadian Imperial Bank of Commerce from C$153.00 to C$154.00 in a report on Thursday, September 3rd. Raymond James Financial increased their price objective on Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Finally, TD increased their price objective on Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th.
View Our Latest Analysis on Canadian Imperial Bank of Commerce
Insider Transactions at Canadian Imperial Bank of Commerce
In other Canadian Imperial Bank of Commerce news, insider Amy Florence South sold 4,218 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of C$161.41, for a total transaction of C$680,827.38. Corporate insiders own 0.02% of the company’s stock.
Canadian Imperial Bank of Commerce Stock Down 3.2%
Shares of CM opened at C$161.97 on Friday. The company has a market capitalization of C$147.06 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 3.03 and a beta of 1.23. The firm has a 50 day moving average of C$159.66 and a 200 day moving average of C$151.62. Canadian Imperial Bank of Commerce has a twelve month low of C$116.65 and a twelve month high of C$172.87.
Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its quarterly earnings data on Thursday, August 27th. The company reported C$2.73 earnings per share (EPS) for the quarter. The business had revenue of C$8.37 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.44% and a net margin of 16.13%. On average, sell-side analysts expect that Canadian Imperial Bank of Commerce will post 6.41 EPS for the current year.
Canadian Imperial Bank of Commerce Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 28th were given a $1.07 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. Canadian Imperial Bank of Commerce’s payout ratio is 40.12%.
Canadian Imperial Bank of Commerce Company Profile
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.
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