Insider Selling: Canadian Imperial Bank of Commerce (TSE:CM) Insider Sells 1,086 Shares

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Amy Florence South sold 1,086 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$162.15, for a total value of C$176,094.90.

Amy Florence South also recently made the following trade(s):

• On Monday, June 22nd, Amy Florence South sold 1,200 shares of Canadian Imperial Bank of Commerce stock. The shares were sold at an average price of C$160.92, for a total transaction of C$193,104.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of Canadian Imperial Bank of Commerce stock traded down C$1.49 during midday trading on Friday, hitting C$160.70. 908,107 shares of the company traded hands, compared to its average volume of 2,561,116. The stock has a market cap of C$146.69 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.03 and a beta of 1.42. The firm’s fifty day moving average price is C$153.84 and its 200-day moving average price is C$139.02. Canadian Imperial Bank of Commerce has a 12 month low of C$95.01 and a 12 month high of C$163.59.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 EPS for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The business had revenue of C$8.01 billion during the quarter. Equities research analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CM shares. BMO Capital Markets raised their price objective on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Barclays upped their target price on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a report on Monday, March 2nd. Raymond James Financial dropped their target price on Canadian Imperial Bank of Commerce from C$157.50 to C$155.50 and set a “market perform” rating for the company in a research report on Friday, May 29th. Jefferies Financial Group lifted their price target on Canadian Imperial Bank of Commerce from C$136.00 to C$143.00 in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada lowered their price objective on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$152.86.

About Canadian Imperial Bank of Commerce

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.