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Canadian Imperial Bank of Commerce (NYSE:CM) has received an average recommendation of “Hold” from the thirteen analysts that are covering the company, ARN reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $100.20.

A number of analysts have recently weighed in on CM shares. Analysts at Canaccord Genuity raised their price target on shares of Canadian Imperial Bank of Commerce from C$105.00 to C$108.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$105.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$105.00 in a research note on Friday. They now have an “outperform” rating on the stock.

Shares of Canadian Imperial Bank of Commerce (NYSE:CM) traded down 0.54% on Tuesday, hitting $95.07. 27,933 shares of the company’s stock traded hands. Canadian Imperial Bank of Commerce has a 52 week low of $76.55 and a 52 week high of $97.23. The stock’s 50-day moving average is $93.05 and its 200-day moving average is $88.83. The company has a market cap of $37.735 billion and a price-to-earnings ratio of 12.96.

Canadian Imperial Bank of Commerce (NYSE:CM) last released its earnings data on Thursday, August 28th. The company reported $2.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $2.04. On average, analysts predict that Canadian Imperial Bank of Commerce will post $8.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 28th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.9137 per share. This represents a $3.65 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, September 25th.

Canadian Imperial Bank of Commerce (NYSE:CM) is a global financial institution.

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