Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given an average rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has 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$119.00.

A number of research firms recently weighed in on CM. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$119.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, May 26th. Scotiabank reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$118.00 and set a “sector perform” rating for the company in a research note on Friday, May 26th. Barclays PLC reiterated an “underweight” rating and issued a C$117.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 4th. Finally, National Bank Financial reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$125.00 and set an “outperform” rating for the company in a research note on Friday, May 26th.

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In other news, insider Sandy Sharman sold 6,786 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$719,994.60.

Shares of Canadian Imperial Bank of Commerce (TSE CM) traded up 0.17% during midday trading on Friday, hitting $108.47. The company had a trading volume of 606,131 shares. Canadian Imperial Bank of Commerce has a 12-month low of $97.52 and a 12-month high of $120.83. The company’s 50-day moving average price is $106.88 and its 200 day moving average price is $111.18. The company has a market capitalization of $43.56 billion and a price-to-earnings ratio of 9.04.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings results on Thursday, May 25th. The company reported $2.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.57 by $0.07. Canadian Imperial Bank of Commerce had a net margin of 28.39% and a return on equity of 17.23%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.79 billion. Equities research analysts predict that Canadian Imperial Bank of Commerce will post $10.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Wednesday, June 28th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, June 26th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.68%.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

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

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