Canadian Imperial Bank of Commerce (TSE:CM) PT Set at C$110.00 by National Bankshares

Key Points

• National Bankshares has set a price target of C$110.00 for Canadian Imperial Bank of Commerce, suggesting a potential downside of 2.24% from the current stock price.
• Scotiabank has increased its price objective for the bank's shares from C$101.00 to C$116.00, assigning an "outperform" rating.
• Currently, the average target price for the bank's stock is C$108.25, with four analysts giving a Buy rating and four a Hold rating.

National Bankshares set a C$110.00 price objective on Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

CM has been the topic of a number of other reports. Jefferies Financial Group lifted their price target on Canadian Imperial Bank of Commerce from C$94.00 to C$102.00 in a report on Wednesday, August 13th. Canaccord Genuity Group lifted their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the company a "hold" rating in a research note on Friday, August 29th. National Bank Financial lowered Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a research note on Thursday, May 29th. Barclays boosted their target price on Canadian Imperial Bank of Commerce from C$96.00 to C$106.00 and gave the company an "underweight" rating in a research note on Friday, August 29th. Finally, TD Securities boosted their price target on Canadian Imperial Bank of Commerce from C$110.00 to C$117.00 and gave the company a "buy" rating in a report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$108.25.

Canadian Imperial Bank of Commerce Price Performance

Shares of CM stock traded up C$0.52 during trading hours on Monday, reaching C$112.91. The company had a trading volume of 198,579 shares, compared to its average volume of 3,511,681. Canadian Imperial Bank of Commerce has a 12 month low of C$76.17 and a 12 month high of C$113.50. The business has a fifty day simple moving average of C$103.64 and a 200-day simple moving average of C$93.81. The company has a market cap of C$104.96 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 3.03 and a beta of 1.33.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Monday, July 28th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, June 27th. Canadian Imperial Bank of Commerce's dividend payout ratio is 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.