Keefe, Bruyette & Woods Analysts Give Canadian Imperial Bank of Commerce (TSE:CM) a C$186.00 Price Target

Keefe, Bruyette & Woods set a C$186.00 price objective on Canadian Imperial Bank of Commerce (TSE:CMFree Report) (NYSE:CM) in a report released on Friday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

CM has been the topic of a number of other reports. TD lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Desjardins lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and increased their target price for the company from C$160.00 to C$173.00 in a research report on Wednesday, August 5th. Barclays raised their target price on shares of Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a research note on Friday. Scotiabank boosted their target price on Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 16th. Finally, Canaccord Genuity Group boosted their price objective on Canadian Imperial Bank of Commerce from C$160.00 to C$168.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$165.46.

View Our Latest Report on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Price Performance

CM opened at C$160.32 on Friday. Canadian Imperial Bank of Commerce has a 12 month low of C$100.43 and a 12 month high of C$172.87. The stock has a market cap of C$146.34 billion, a P/E ratio of 15.90, a P/E/G ratio of 3.03 and a beta of 1.40. The stock’s 50 day moving average price is C$164.70 and its 200 day moving average price is C$150.24.

Canadian Imperial Bank of Commerce (TSE:CMGet Free Report) (NYSE:CM) last announced its earnings results on Thursday, May 28th. The company reported C$2.54 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%.The firm had revenue of C$8.01 billion for the quarter. Equities analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 28th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $4.28 annualized dividend and a dividend yield of 2.7%. Canadian Imperial Bank of Commerce’s payout ratio is currently 40.48%.

Insider Transactions at Canadian Imperial Bank of Commerce

In related news, insider Stephen Alan Scholtz sold 6,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$162.70, for a total transaction of C$976,200.00. Also, insider Amy Florence South sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$160.92, for a total transaction of C$193,104.00. Insiders have sold 17,776 shares of company stock valued at $2,817,744 in the last quarter. Insiders own 0.02% of the company’s stock.

About Canadian Imperial Bank of Commerce

(Get Free Report)

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 and 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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Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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