Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective reduced by Barclays from C$137.00 to C$130.00 in a research report report published on Friday.

A number of other equities research analysts also recently weighed in on CM. TD Securities lifted their target price on Canadian Imperial Bank of Commerce from C$140.00 to C$145.00 and gave the stock a buy rating in a research report on Thursday, August 23rd. National Bank Financial lifted their target price on Canadian Imperial Bank of Commerce from C$124.00 to C$127.00 and gave the stock a sector perform rating in a research report on Friday, August 24th. Finally, BMO Capital Markets lifted their target price on Canadian Imperial Bank of Commerce from C$130.00 to C$135.00 and gave the stock a market perform rating in a research report on Friday, August 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of C$133.45.

CM stock opened at C$113.56 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of C$110.00 and a twelve month high of C$125.21.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its earnings results on Thursday, August 23rd. The company reported C$3.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.88 by C$0.20. The firm had revenue of C$4.55 billion for the quarter, compared to analyst estimates of C$4.39 billion. As a group, research analysts anticipate that Canadian Imperial Bank of Commerce will post 12.5799996279279 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, September 28th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 4.79%. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.33. The ex-dividend date of this dividend was Thursday, September 27th. Canadian Imperial Bank of Commerce’s payout ratio is presently 45.97%.

In other Canadian Imperial Bank of Commerce news, insider John Hountalas sold 9,033 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of C$124.55, for a total transaction of C$1,125,060.15. Also, Director Victor George Dodig sold 16,000 shares of Canadian Imperial Bank of Commerce stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of C$122.91, for a total value of C$1,966,560.00.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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

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