2 weeks Ago By ABMN Staff
Canadian Imperial Bank of Commerce ( TSE:CM – Free Report ) (NYSE:CM) had its target price hoisted by National Bankshares from C$86.00 to C$94.00 in a report released on Wednesday, BayStreet.
CA reports. Several other analysts also recently issued reports on CM. Jefferies Financial Group decreased their price target on Canadian Imperial Bank of Commerce from C$79.
00 to C$78.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Canaccord Genuity Group lifted their price target on shares of Canadian Imperial Bank of Commerce from C$81.
00 to C$92.00 in a research report on Tuesday, November 19th. Desjardins boosted their price objective on shares of Canadian Imperial Bank of Commerce from C$77.
00 to C$83.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. TD Securities raised their target price on shares of Canadian Imperial Bank of Commerce from C$91.
00 to C$98.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada boosted their target price 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 research report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$85.25. Read Our Latest Report on CM Canadian Imperial Bank of Commerce Stock Up 0.
4 % Canadian Imperial Bank of Commerce ( TSE:CM – Get Free Report ) (NYSE:CM) last released its quarterly earnings data on Thursday, August 29th. The company reported C$1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.
75 by C$0.18. The business had revenue of C$6.
60 billion during the quarter, compared to analyst estimates of C$6.31 billion. Canadian Imperial Bank of Commerce had a net margin of 29.
56% and a return on equity of 12.37%. On average, research analysts expect that Canadian Imperial Bank of Commerce will post 6.
4127341 EPS for the current fiscal year. Canadian Imperial Bank of Commerce Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors 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 yield of 3.94%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 52.
10%. Insiders Place Their Bets In related news, Senior Officer Shawn Beber sold 10,000 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$81.
80, for a total transaction of C$817,960.00. Also, Senior Officer Hratch Dikran Panossian sold 5,530 shares of the company’s stock in a transaction dated Thursday, September 5th.
The stock was sold at an average price of C$79.89, for a total transaction of C$441,791.70.
Insiders have sold 203,057 shares of company stock worth $16,823,249 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.
About Canadian Imperial Bank of Commerce ( 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.
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