A number of firms have modified their ratings and price targets on shares of Canadian Imperial Bank of Commerce (TSE: CM) recently:

  • 9/6/2017 – Canadian Imperial Bank of Commerce was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$120.00 price target on the stock.
  • 8/27/2017 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Scotiabank from C$120.00 to C$118.00. They now have a “sector perform” rating on the stock.
  • 8/25/2017 – Canadian Imperial Bank of Commerce had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$118.00 price target on the stock.
  • 8/25/2017 – Canadian Imperial Bank of Commerce had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a C$116.00 price target on the stock.
  • 8/22/2017 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Keefe, Bruyette & Woods from C$115.00 to C$116.00.
  • 8/21/2017 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Scotiabank from C$118.00 to C$120.00. They now have a “sector perform” rating on the stock.
  • 8/11/2017 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Barclays PLC from C$108.00 to C$110.00.

Shares of Canadian Imperial Bank of Commerce (TSE:CM) opened at 104.98 on Thursday. The stock has a market cap of $45.77 billion and a P/E ratio of 9.54. Canadian Imperial Bank of Commerce has a 52-week low of $97.52 and a 52-week high of $120.83. The firm’s 50-day moving average is $107.02 and its 200 day moving average is $110.03.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $2.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.14. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.01 billion. Canadian Imperial Bank of Commerce had a net margin of 28.39% and a return on equity of 17.23%. Analysts forecast that Canadian Imperial Bank of Commerce will post $10.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be paid a $1.30 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.95%.

In other news, insider Sandy Sharman sold 6,786 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$719,994.60. Also, Director Michelle Lynn Collins bought 1,186 shares of the stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of C$84.30 per share, for a total transaction of C$99,979.80.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. It operates through three business units: Retail and Business Banking, Wealth Management, and Capital Markets.

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