Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$126.22.

Several research firms have recently commented on CM. TD Securities upped their price target on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Citigroup lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$113.00 to C$120.00 in a research report on Wednesday, October 25th. Barclays upgraded shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “outperform” rating in a research report on Tuesday, December 19th. CSFB increased their target price on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$125.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Finally, National Bank Financial increased their target price on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, December 1st.

In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$119.55, for a total value of C$1,425,992.40.

Canadian Imperial Bank of Commerce (CM) traded up C$0.17 during mid-day trading on Monday, reaching C$122.54. 1,022,878 shares of the company’s stock traded hands, compared to its average volume of 1,359,282. The company has a market capitalization of $54,110.00, a price-to-earnings ratio of 10.87 and a beta of 0.77. Canadian Imperial Bank of Commerce has a 12-month low of C$103.84 and a 12-month high of C$123.87.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Thursday, December 28th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 45.08%.

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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.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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