Share on StockTwits

Canadian Imperial Bank of Commerce (NYSE:CM) has been given an “A+” credit rating by analysts at Morningstar. The agency’s “A+” rating suggests that the company is a low default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

A number of other firms have also recently commented on CM. 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 equities research 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 presently has an average rating of “Hold” and an average price target of $102.56.

Canadian Imperial Bank of Commerce (NYSE:CM) opened at 96.90 on Thursday. 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. and its 200-day moving average is $89.17. The company has a market cap of $38.462 billion and a price-to-earnings ratio of 13.02.

Canadian Imperial Bank of Commerce (NYSE:CM) last released its earnings data on Thursday, August 28th. The company reported $2.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.04. Analysts expect that Canadian Imperial Bank of Commerce will post $8.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 28th. Investors of record on Monday, September 29th will be given a dividend of $0.9137 per share. This represents a $3.65 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, September 25th.

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

To view more credit ratings from Morningstar, visit www.morningstar.com.

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with Analyst Ratings Network's FREE daily email newsletter.