Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$141.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective upped by Barclays from C$137.00 to C$141.00 in a research note published on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on CM. Desjardins raised their target price on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Canaccord Genuity Group boosted their price objective on Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research note on Friday, February 27th. National Bank Financial increased their price target on Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. TD Securities lifted their price objective on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets boosted their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Canadian Imperial Bank of Commerce has an average rating of “Moderate Buy” and an average target price of C$146.45.

Canadian Imperial Bank of Commerce Trading Up 0.6%

TSE CM opened at C$138.09 on Monday. Canadian Imperial Bank of Commerce has a 12 month low of C$76.17 and a 12 month high of C$143.80. The stock’s fifty day moving average price is C$129.86 and its 200-day moving average price is C$120.37. The stock has a market cap of C$127.96 billion, a P/E ratio of 16.11, a P/E/G ratio of 3.03 and a beta of 1.26.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data on Thursday, February 26th. The company reported C$2.76 earnings per share for the quarter. Canadian Imperial Bank of Commerce had a net margin of 17.63% and a return on equity of 14.76%. The business had revenue of C$8.40 billion during the quarter. As a group, analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 28th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, December 29th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 45.27%.

Insider Activity

In other news, insider Frank Guse sold 5,000 shares of Canadian Imperial Bank of Commerce stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of C$127.16, for a total transaction of C$635,800.00. Following the transaction, the insider owned 1,359 shares in the company, valued at C$172,810.44. The trade was a 78.63% decrease in their position. 0.02% of the stock is owned by company insiders.

Canadian Imperial Bank of Commerce Company Profile

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.