Canadian Imperial Bank of Commerce (TSE:CM) Given Average Rating of “Hold” by Analysts

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$124.64.

CM has been the subject of several research reports. Jefferies Financial Group increased their price target on Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, November 25th. National Bankshares upped their price objective on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$128.00 and gave the company a “sector perform” rating in a report on Friday, December 5th. Scotiabank lifted their target price on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Royal Bank Of Canada boosted their price target on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a research report on Friday, December 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the stock a “hold” rating in a report on Friday, August 29th.

Canadian Imperial Bank of Commerce Stock Up 1.0%

Shares of CM stock opened at C$126.62 on Thursday. The firm has a market cap of C$117.33 billion, a P/E ratio of 15.31, a PEG ratio of 3.03 and a beta of 1.45. The company has a 50 day moving average of C$117.72 and a 200-day moving average of C$106.90. Canadian Imperial Bank of Commerce has a 12-month low of C$76.17 and a 12-month high of C$127.20.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, December 4th. The company reported C$2.21 EPS for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%.The business had revenue of C$7.58 billion for the quarter. As a group, equities analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Tuesday, October 28th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, September 29th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 46.07%.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.