Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$127.78.

Several equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of Canadian Imperial Bank of Commerce from C$128.00 to C$135.00 in a research note on Friday, December 1st. Canaccord Genuity set a C$126.00 price objective on shares of Canadian Imperial Bank of Commerce in a research note on Friday, December 1st. Barclays increased their price objective on shares of Canadian Imperial Bank of Commerce from C$110.00 to C$119.00 in a research note on Friday, December 1st. CSFB increased their price objective on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$134.00 in a research note on Friday, January 19th. Finally, TD Securities increased their price objective on shares of Canadian Imperial Bank of Commerce from C$125.00 to C$135.00 and gave the company a “buy” rating in a research note on Friday, December 1st.

Shares of Canadian Imperial Bank of Commerce (TSE CM) traded down C$0.01 on Friday, reaching C$121.59. 366,241 shares of the company’s stock were exchanged, compared to its average volume of 1,238,530. The company has a market capitalization of $53,750.00, a PE ratio of 10.77 and a beta of 0.77. Canadian Imperial Bank of Commerce has a twelve month low of C$103.84 and a twelve month high of C$124.37.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last released its quarterly earnings data on Thursday, November 30th. The company reported C$2.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.62 by C$0.19. Canadian Imperial Bank of Commerce had a net margin of 27.27% and a return on equity of 15.90%.

The business also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Thursday, December 28th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $5.20 annualized dividend and a dividend yield of 4.28%. Canadian Imperial Bank of Commerce’s payout ratio is currently 45.08%.

In other news, Director Laura Lee Dottori-Attanasio sold 11,928 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$119.55, for a total transaction of C$1,425,992.40.

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About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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