Canadian Imperial Bank of Commerce (TSE:CM) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Technical breakout: Canadian Imperial Bank of Commerce shares crossed above their 50‑day moving average, trading around C$141.59 versus a 50‑day MA of C$133.49 (200‑day MA C$125.15), indicating short‑term bullish momentum.
• Analyst sentiment: The stock has a consensus rating of "Moderate Buy" (six Buys, four Holds) with a consensus price target of C$145.35 and recent price target revisions ranging roughly C$127–C$150.
• Dividend and fundamentals: CIBC pays a quarterly dividend of C$1.07 (C$4.28 annualized, ~3.0% yield), trades at a P/E of 14.76 with a market cap of C$130.31 billion, and reported last quarter EPS of C$2.76.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$133.49 and traded as high as C$141.80. Canadian Imperial Bank of Commerce shares last traded at C$141.59, with a volume of 3,428,288 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CM. Barclays boosted their price target on shares of Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a report on Monday, March 2nd. Jefferies Financial Group boosted their price target on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a report on Wednesday, February 11th. BMO Capital Markets boosted their price target on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Royal Bank Of Canada decreased their price target on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an "outperform" rating for the company in a report on Wednesday, March 25th. Finally, Canaccord Genuity Group boosted their price target on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a "hold" rating in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$145.35.

Canadian Imperial Bank of Commerce Stock Performance

The firm's 50-day simple moving average is C$133.49 and its 200 day simple moving average is C$125.15. The stock has a market capitalization of C$130.31 billion, a P/E ratio of 14.76, 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 posted its quarterly earnings data on Thursday, February 26th. The company reported C$2.76 EPS for the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%. The company had revenue of C$8.40 billion during the quarter. As a group, research analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

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 dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, March 27th. Canadian Imperial Bank of Commerce's dividend payout ratio is currently 41.50%.

Canadian Imperial Bank of Commerce Company Profile

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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