Canadian Imperial Bank of Commerce (TSE:CM) Stock Price Passes Below Fifty Day Moving Average of $101.94

Share on StockTwits

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $101.94 and traded as low as $108.26. Canadian Imperial Bank of Commerce shares last traded at $109.61, with a volume of 706,715 shares traded.

CM has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$124.00 and set a “sector perform” rating for the company in a report on Friday, August 23rd. Desjardins lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$125.00 to C$118.00 in a report on Thursday, May 23rd. TD Securities lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$135.00 to C$120.00 in a report on Thursday, May 23rd. Barclays lowered shares of Canadian Imperial Bank of Commerce from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from C$120.00 to C$113.00 in a report on Tuesday, June 11th. Finally, Citigroup lowered their price target on shares of Canadian Imperial Bank of Commerce from C$120.00 to C$115.00 in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of C$115.00.

The firm’s fifty day simple moving average is C$102.25 and its 200-day simple moving average is C$106.29. The stock has a market cap of $48.47 billion and a P/E ratio of 9.58.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a dividend of $1.44 per share. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.40. The ex-dividend date is Thursday, September 26th. This represents a $5.76 annualized dividend and a yield of 5.27%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 48.38%.

Canadian Imperial Bank of Commerce Company Profile (TSE:CM)

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, 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.

Featured Story: How does the Federal Reserve determine interest rates?

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$230.18 Million in Sales Expected for Green Dot Co.  This Quarter
$230.18 Million in Sales Expected for Green Dot Co. This Quarter
Reviewing Chubb  & Progressive
Reviewing Chubb & Progressive
AGEAS/S  versus PETROFAC LTD/ADR  Head to Head Analysis
AGEAS/S versus PETROFAC LTD/ADR Head to Head Analysis
Emera Inc  Receives Consensus Rating of “Hold” from Analysts
Emera Inc Receives Consensus Rating of “Hold” from Analysts
Circassia Pharmaceuticals  Rating Reiterated by Peel Hunt
Circassia Pharmaceuticals Rating Reiterated by Peel Hunt
Baader Bank Analysts Give SAP  a €120.00 Price Target
Baader Bank Analysts Give SAP a €120.00 Price Target


 
© 2006-2019 Zolmax.