Canadian Imperial Bank of Commerce (CM.TO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts hold a neutral view: Seven of 12 firms rate Canadian Imperial Bank of Commerce “Hold,” while five recommend buying. The average 12-month price target is C$167.79.
• Recent performance was solid: CIBC reported quarterly earnings of C$2.73 per share on C$8.37 billion in revenue, with a 15.44% return on equity and a 16.13% net margin.
• Dividend remains a key attraction: The bank pays a quarterly dividend of C$1.07, or C$4.28 annually, representing a 2.6% yield and a 40.12% payout ratio.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM has been given an average recommendation of "Hold" by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$167.79.

Several equities research analysts have commented on the stock. Raymond James Financial upped their price objective on shares of Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the company a "market perform" rating in a report on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$186.00 target price on shares of Canadian Imperial Bank of Commerce and gave the stock a "hold" rating in a research note on Friday, August 21st. National Bank Financial set a C$180.00 target price on shares of Canadian Imperial Bank of Commerce and gave the stock a "sector perform" rating in a research note on Monday, August 24th. Barclays boosted their price target on shares of Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a research report on Friday, August 21st. Finally, Desjardins dropped their price target on shares of Canadian Imperial Bank of Commerce from C$173.00 to C$170.00 and set a "hold" rating on the stock in a research note on Friday, August 28th.

Insider Activity

In other news, insider Amy Florence South sold 4,218 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$161.41, for a total value of C$680,827.38. 0.02% of the stock is currently owned by corporate insiders.

Canadian Imperial Bank of Commerce Price Performance

Shares of TSE CM opened at C$162.95 on Friday. Canadian Imperial Bank of Commerce has a one year low of C$114.80 and a one year high of C$172.87. The business's fifty day moving average price is C$159.48 and its 200-day moving average price is C$150.89. The stock has a market capitalization of C$147.95 billion, a PE ratio of 15.64, a P/E/G ratio of 3.03 and a beta of 1.32.

Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM last announced its quarterly earnings data on Thursday, August 27th. The company reported C$2.73 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.44% and a net margin of 16.13%. The company had revenue of C$8.37 billion during the quarter. As a group, equities analysts expect that Canadian Imperial Bank of Commerce will post 6.41 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 28th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, September 28th. Canadian Imperial Bank of Commerce's payout ratio is currently 40.12%.

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, 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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