Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Equities research analysts at National Bank Financial boosted their Q3 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Thursday. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $2.27 per share for the quarter, up from their prior forecast of $2.22. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s FY2019 earnings at $9.44 EPS.

Other analysts have also recently issued reports about the company. TD Securities raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, September 6th. Canaccord Genuity set a $117.00 price target on Canadian Imperial Bank of Commerce and gave the company a “buy” rating in a research note on Thursday, August 24th. Credit Suisse Group raised Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $125.00 in a research note on Friday. Scotiabank reissued a “hold” rating and set a $128.00 target price on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, November 22nd. Finally, Zacks Investment Research cut Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $114.00.

Shares of Canadian Imperial Bank of Commerce (CM) opened at $95.47 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $41,942.80, a PE ratio of 11.22, a PEG ratio of 3.82 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52 week low of $77.20 and a 52 week high of $95.73.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Thursday, December 28th will be paid a dividend of $1.011 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $4.04 dividend on an annualized basis and a yield of 4.24%. Canadian Imperial Bank of Commerce’s payout ratio is 47.04%.

A number of large investors have recently added to or reduced their stakes in the business. AXA boosted its position in Canadian Imperial Bank of Commerce by 22.7% during the 3rd quarter. AXA now owns 569,651 shares of the bank’s stock worth $49,856,000 after acquiring an additional 105,369 shares during the last quarter. Guardian Capital LP boosted its position in Canadian Imperial Bank of Commerce by 8.3% during the 3rd quarter. Guardian Capital LP now owns 1,444,667 shares of the bank’s stock worth $126,065,000 after acquiring an additional 110,950 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Canadian Imperial Bank of Commerce by 148.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,432 shares of the bank’s stock worth $738,000 after acquiring an additional 5,038 shares during the last quarter. Zions Bancorporation boosted its position in Canadian Imperial Bank of Commerce by 13,548.5% during the 3rd quarter. Zions Bancorporation now owns 4,504 shares of the bank’s stock worth $394,000 after acquiring an additional 4,471 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in Canadian Imperial Bank of Commerce by 26.7% during the 3rd quarter. First Allied Advisory Services Inc. now owns 3,377 shares of the bank’s stock worth $293,000 after acquiring an additional 712 shares during the last quarter. 44.76% of the stock is owned by hedge funds and other institutional investors.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Earnings History and Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)

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