2 weeks Ago By Defense World Staff
Shares of Canadian Imperial Bank of Commerce ( TSE:CM – Get Free Report ) (NYSE:CM) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company.
The average twelve-month price objective among brokerages that have covered the stock in the last year is C$79.15. CM has been the subject of several analyst reports.
Royal Bank of Canada increased their price target on shares of Canadian Imperial Bank of Commerce from C$69.00 to C$74.00 and gave the stock a “sector perform” rating in a report on Friday, August 30th.
Scotiabank raised their price target on Canadian Imperial Bank of Commerce from C$77.00 to C$85.00 and gave the company an “outperform” rating in a report on Friday, August 30th.
TD Securities decreased their price target on Canadian Imperial Bank of Commerce from C$93.00 to C$91.00 and set a “buy” rating on the stock in a research note on Friday, August 30th.
Canaccord Genuity Group increased their price objective on Canadian Imperial Bank of Commerce from C$74.00 to C$75.00 in a research report on Tuesday, August 13th.
Finally, National Bankshares raised their target price on Canadian Imperial Bank of Commerce from C$78.00 to C$86.00 and gave the company an “outperform” rating in a report on Friday, August 30th.
Check Out Our Latest Research Report on Canadian Imperial Bank of Commerce Canadian Imperial Bank of Commerce Trading Up 0.4 % Canadian Imperial Bank of Commerce ( TSE:CM – Get Free Report ) (NYSE:CM) last announced its quarterly earnings data on Thursday, August 29th. The company reported C$1.
93 EPS for the quarter, topping analysts’ consensus estimates of C$1.75 by C$0.18.
Canadian Imperial Bank of Commerce had a net margin of 29.56% and a return on equity of 12.37%.
The company had revenue of C$6.60 billion during the quarter, compared to the consensus estimate of C$6.31 billion.
Research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, October 28th.
Stockholders of record on Friday, September 27th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 27th.
This represents a $3.60 annualized dividend and a dividend yield of 4.08%.
Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 52.10%. Insider Buying and Selling In other news, Director Harry Kenneth Culham sold 50,000 shares of the company’s stock in a transaction on Monday, September 9th.
The stock was sold at an average price of C$81.87, for a total value of C$4,093,500.00.
In related news, Senior Officer Christina Charlotte Kramer sold 37,022 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$83.40, for a total transaction of C$3,087,634.
80. Also, Director Harry Kenneth Culham sold 50,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$81.
87, for a total value of C$4,093,500.00. Insiders sold 203,057 shares of company stock worth $16,823,249 in the last ninety days.
Insiders own 0.02% of the company’s stock. Canadian Imperial Bank of Commerce Company Profile ( Get Free Report Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.
The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. See Also Five stocks we like better than Canadian Imperial Bank of Commerce Why Special Dividends Can be a Delightful Surprise for Income Investors Palantir Cracks $50, Is There Still Time to Get on Board? When to Sell a Stock for Profit or Loss Insider Buying Signals Upside for These 3 Stocks Best Stocks Under $10.
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