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Canadian Imperial Bank of Commerce (NYSE:CM)’s share price hit a new 52-week high during mid-day trading on Thursday , American Banking & Market News reports. The company traded as high as $97.97 and last traded at $97.67, with a volume of 83,923 shares. The stock had previously closed at $96.90.

Several analysts have recently commented on the stock. 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, August 29th. 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, August 29th. 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, August 29th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $102.56.

The stock’s 50-day moving average is $93. and its 200-day moving average is $89.17. The company has a market cap of $38.585 billion and a price-to-earnings ratio of 13.15.

Canadian Imperial Bank of Commerce (NYSE:CM) last announced its earnings results on Thursday, August 28th. The company reported $2.04 earnings per share (EPS) for the quarter, meeting the 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. Investors 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 3.76%. The ex-dividend date is Thursday, September 25th.

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

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