Canadian Imperial Bank of Commerce (TSE:CM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Canadian Imperial Bank of Commerce (TSE:CMGet Free Report) (NYSE:CM) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$93.50.

Several research analysts have weighed in on CM shares. UBS Group decreased their price objective on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday, February 14th. Cormark lifted their price target on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday, December 6th. TD Securities decreased their price target on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, February 28th. Royal Bank of Canada lifted their price target on shares of Canadian Imperial Bank of Commerce from C$103.00 to C$108.00 in a report on Friday, February 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday, December 6th.

Read Our Latest Research Report on CM

Canadian Imperial Bank of Commerce Price Performance

Shares of CM stock opened at C$80.73 on Tuesday. The firm has a market cap of C$75.53 billion, a P/E ratio of 10.66, a P/E/G ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1-year low of C$64.02 and a 1-year high of C$95.50. The firm has a fifty day moving average of C$87.76 and a two-hundred day moving average of C$86.68.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.81%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.55%.

Insiders Place Their Bets

In related news, Senior Officer Susan Rimmer sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$93.14, for a total value of C$93,140.00. 0.02% of the stock is owned by insiders.

Canadian Imperial Bank of Commerce Company Profile

(Get Free Report

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

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Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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