Canadian Imperial Bank of Commerce (TSE:CM) Receives C$124.64 Consensus PT from Analysts

by · The Cerbat Gem

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) has earned an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$124.64.

A number of brokerages have weighed in on CM. Canaccord Genuity Group increased their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$111.00 and gave the company a “hold” rating in a report on Friday, August 29th. Scotiabank upped their price objective on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Jefferies Financial Group lifted their target price on Canadian Imperial Bank of Commerce from C$106.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Desjardins boosted their price target on Canadian Imperial Bank of Commerce from C$126.00 to C$132.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada raised their price objective on Canadian Imperial Bank of Commerce from C$114.00 to C$131.00 in a research report on Friday, December 5th.

Read Our Latest Report on CM

Canadian Imperial Bank of Commerce Stock Up 0.4%

Shares of TSE:CM opened at C$128.38 on Thursday. The company has a market cap of C$119.34 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.03 and a beta of 1.45. The business has a 50 day moving average price of C$118.60 and a 200 day moving average price of C$107.70. Canadian Imperial Bank of Commerce has a twelve month low of C$76.17 and a twelve month high of C$128.81.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last posted its quarterly earnings data on Thursday, December 4th. The company reported C$2.21 earnings per share for the quarter. The company had revenue of C$7.58 billion during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. Analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 28th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.3%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend is Monday, December 29th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 45.27%.

About Canadian Imperial Bank of Commerce

(Get Free Report)

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.

See Also