Canadian Imperial Bank of Commerce (TSE:CM) Receives Consensus Rating of “Hold” from Analysts

Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$126.09.

A number of brokerages recently weighed in on CM. National Bankshares lifted their target price on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. BMO Capital Markets lifted their price objective on Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 in a research report on Wednesday, December 17th. Raymond James Financial upped their target price on Canadian Imperial Bank of Commerce from C$127.00 to C$132.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Royal Bank Of Canada raised their target price on Canadian Imperial Bank of Commerce from C$131.00 to C$134.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Barclays boosted their price target on Canadian Imperial Bank of Commerce from C$119.00 to C$126.00 in a research note on Monday, December 8th.

Insider Buying and Selling

In other Canadian Imperial Bank of Commerce news, insider Frank Guse sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of C$127.16, for a total value of C$635,800.00. Following the completion of the sale, the insider directly owned 1,359 shares in the company, valued at approximately C$172,810.44. This trade represents a 78.63% decrease in their ownership of the stock. Insiders own 0.02% of the company’s stock.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM opened at C$128.23 on Friday. The business has a 50-day moving average of C$125.48 and a 200-day moving average of C$114.70. The company has a market capitalization of C$118.82 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 3.03 and a beta of 1.31. Canadian Imperial Bank of Commerce has a 1 year low of C$76.17 and a 1 year high of C$129.25.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, December 4th. The company reported C$2.21 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. The business had revenue of C$7.58 billion during the quarter. As a group, sell-side analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 28th were paid a dividend of $1.07 per share. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. This represents a $4.28 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, December 29th. Canadian Imperial Bank of Commerce’s payout ratio is currently 45.27%.

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 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.