Canadian Imperial Bank of Commerce (TSE:CM) Stock Has Consensus Target Price of C$167.79 According to Brokerages

Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$167.79.

A number of research firms recently issued reports on CM. National Bank Financial set a C$180.00 price target on Canadian Imperial Bank of Commerce and gave the company a “sector perform” rating in a report on Monday, August 24th. Keefe, Bruyette & Woods set a C$186.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the stock a “hold” rating in a report on Friday, August 21st. Canaccord Genuity Group raised their price objective on shares of Canadian Imperial Bank of Commerce from C$168.00 to C$169.00 and gave the company a “hold” rating in a research report on Friday, August 28th. Royal Bank Of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$167.00 to C$176.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Barclays boosted their target price on shares of Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a research note on Friday, August 21st.

Canadian Imperial Bank of Commerce Trading Down 0.1%

Shares of Canadian Imperial Bank of Commerce stock opened at C$163.36 on Friday. The stock has a market capitalization of C$148.32 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 3.03 and a beta of 1.32. The firm’s 50-day moving average price is C$159.62 and its two-hundred day moving average price is C$151.26. Canadian Imperial Bank of Commerce has a 1-year low of C$115.76 and a 1-year high of C$172.87.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its earnings results on Thursday, August 27th. The company reported C$2.73 EPS for the quarter. The business had revenue of C$8.37 billion for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.44% and a net margin of 16.13%. As a group, equities research analysts predict that Canadian Imperial Bank of Commerce will post 6.41 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 28th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio is 40.12%.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In related news, insider Amy Florence South sold 4,218 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$161.41, for a total value of C$680,827.38. 0.02% of the stock is currently owned by corporate 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, 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.