Canadian Imperial Bank of Commerce (TSE:CM) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Canadian Imperial Bank of Commerce a consensus rating of “Moderate Buy” from 10 firms (six buy, four hold) with an average 12‑month target of C$145.35.
• Several brokers recently raised price targets—TD, Scotiabank and BMO lifted targets into the C$150–C$153 range while RBC trimmed its target to C$147.
• CIBC trades near its 52‑week high (~C$146), has a market cap of C$134.4B and P/E of 15.2, reported quarterly EPS of C$2.76, and pays a quarterly dividend of C$1.07 (annualized C$4.28, yield 2.9%, ex‑dividend Mar 27, payable Apr 28).

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$145.35.

A number of research analysts have recently issued reports on CM shares. TD Securities boosted their price objective on Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a "buy" rating in a research note on Friday, February 27th. BMO Capital Markets boosted their price objective on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Barclays boosted their price objective on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research note on Monday, March 2nd. Scotiabank boosted their price objective on Canadian Imperial Bank of Commerce from C$138.00 to C$153.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada dropped their price objective on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 25th.

Canadian Imperial Bank of Commerce Stock Performance

Canadian Imperial Bank of Commerce stock opened at C$146.07 on Wednesday. Canadian Imperial Bank of Commerce has a 52-week low of C$80.26 and a 52-week high of C$146.23. The firm has a 50 day moving average price of C$134.45 and a two-hundred day moving average price of C$126.01. The firm has a market cap of C$134.44 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 3.03 and a beta of 1.21.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share (EPS) for the quarter. The firm had revenue of C$8.40 billion during the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%. As a group, equities research analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Imperial Bank of Commerce's payout ratio is currently 41.50%.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.

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