Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Research analysts at National Bank Financial cut their Q2 2019 EPS estimates for shares of Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Sunday, May 12th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings per share of $2.23 for the quarter, down from their prior forecast of $2.30. National Bank Financial also issued estimates for Canadian Imperial Bank of Commerce’s FY2019 earnings at $9.06 EPS and FY2020 earnings at $9.34 EPS.

Several other equities analysts have also recently issued reports on the stock. Barclays reiterated an “average” rating and set a $123.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Friday, March 1st. Canaccord Genuity reiterated an “average” rating and set a $125.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, February 20th. ValuEngine upgraded shares of Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Scotiabank reiterated an “average” rating and set a $126.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Friday, February 22nd. Finally, Zacks Investment Research cut shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Canadian Imperial Bank of Commerce currently has a consensus rating of “Hold” and an average target price of $125.43.

Shares of NYSE CM opened at $81.86 on Wednesday. Canadian Imperial Bank of Commerce has a 1 year low of $72.96 and a 1 year high of $96.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $36.21 billion, a P/E ratio of 8.76, a P/E/G ratio of 4.82 and a beta of 1.16.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings results on Thursday, February 28th. The bank reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.11). Canadian Imperial Bank of Commerce had a net margin of 19.44% and a return on equity of 16.17%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.51 billion.

A number of large investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Canadian Imperial Bank of Commerce by 23.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,229 shares of the bank’s stock worth $494,000 after buying an additional 1,165 shares in the last quarter. Man Group plc lifted its stake in shares of Canadian Imperial Bank of Commerce by 8.0% in the first quarter. Man Group plc now owns 280,100 shares of the bank’s stock worth $22,140,000 after buying an additional 20,653 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Canadian Imperial Bank of Commerce by 3.0% in the first quarter. M&T Bank Corp now owns 12,612 shares of the bank’s stock worth $998,000 after buying an additional 362 shares in the last quarter. Coastal Investment Advisors Inc. bought a new position in shares of Canadian Imperial Bank of Commerce in the first quarter worth approximately $332,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Canadian Imperial Bank of Commerce by 28.3% in the first quarter. Advisors Asset Management Inc. now owns 5,435 shares of the bank’s stock worth $430,000 after buying an additional 1,199 shares in the last quarter. 47.26% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Thursday, March 28th were paid a dividend of $1.0616 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.25 annualized dividend and a yield of 5.19%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.03. Canadian Imperial Bank of Commerce’s payout ratio is presently 45.50%.

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.

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

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