Q1 2019 EPS Estimates for Canadian Imperial Bank of Commerce (CM) Reduced by National Bank Financial

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Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Research analysts at National Bank Financial dropped their Q1 2019 earnings per share (EPS) estimates for Canadian Imperial Bank of Commerce in a report issued on Monday, February 18th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $3.19 per share for the quarter, down from their prior forecast of $3.23. National Bank Financial has a “Sector Perform” rating and a $122.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2019 earnings at $3.04 EPS, Q3 2019 earnings at $3.16 EPS and FY2019 earnings at $12.40 EPS.

CM has been the subject of several other reports. Barclays decreased their price target on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$127.00 in a research report on Friday, November 30th. BMO Capital Markets decreased their price target on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$130.00 in a research report on Friday, November 30th. Eight Capital decreased their price target on shares of Canadian Imperial Bank of Commerce from C$132.00 to C$131.00 in a research report on Friday, November 30th. Canaccord Genuity decreased their price target on shares of Canadian Imperial Bank of Commerce from C$133.00 to C$124.00 in a research report on Thursday, November 22nd. Finally, Desjardins decreased their price target on shares of Canadian Imperial Bank of Commerce from C$133.00 to C$125.00 in a research report on Tuesday, December 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$129.60.

Shares of TSE CM opened at C$114.20 on Wednesday. Canadian Imperial Bank of Commerce has a 52-week low of C$99.51 and a 52-week high of C$125.21. The company has a market capitalization of $50.06 billion and a price-to-earnings ratio of 9.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings results on Thursday, November 29th. The company reported C$3.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$3.00. The business had revenue of C$4.45 billion during the quarter, compared to analyst estimates of C$4.52 billion.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Thursday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.67%.

In other news, Director Barry Lee Zubrow acquired 1,500 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was bought at an average cost of C$84.76 per share, for a total transaction of C$127,140.00.

About Canadian Imperial Bank of Commerce

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.

Read More: How to Invest in the Dividend Aristocrat Index

Earnings History and Estimates for Canadian Imperial Bank of Commerce (TSE:CM)

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