Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$153.00 at Scotiabank

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price lifted by Scotiabank from C$138.00 to C$153.00 in a report issued on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CM has been the topic of several other reports. Barclays raised shares of Canadian Imperial Bank of Commerce from a “strong sell” rating to an “overweight” rating and upped their price objective for the stock from C$126.00 to C$137.00 in a research note on Thursday, February 19th. Raymond James Financial increased their price target on Canadian Imperial Bank of Commerce from C$122.00 to C$135.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. National Bank Financial lifted their price objective on Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the company a “sector perform” rating in a research report on Friday. Desjardins boosted their price objective on Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group increased their target price on Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$146.05.

Canadian Imperial Bank of Commerce Stock Down 2.9%

Canadian Imperial Bank of Commerce stock traded down C$4.05 during mid-day trading on Friday, hitting C$137.79. 3,974,085 shares of the company were exchanged, compared to its average volume of 2,616,844. The company has a market capitalization of C$127.68 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26. The business has a fifty day moving average of C$129.18 and a 200 day moving average of C$119.47. Canadian Imperial Bank of Commerce has a 1-year low of C$76.17 and a 1-year high of C$143.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share for the quarter. The business had revenue of C$8.40 billion for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. Research analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 28th were issued a $1.07 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. This represents a $4.28 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, December 29th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 45.27%.

Insider Buying and Selling

In other Canadian Imperial Bank of Commerce news, insider Frank Guse sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of C$127.16, for a total transaction of C$635,800.00. Following the completion of the sale, the insider directly owned 1,359 shares of the company’s stock, valued at approximately C$172,810.44. The trade was a 78.63% decrease in their position. 0.02% of the stock is currently owned by insiders.

More Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “Buy” rating (≈11% upside versus the current price). BayStreet.CA
• Positive Sentiment: BMO Capital Markets bumped its target to C$150 and set an “Outperform” rating (≈8.9% upside). BayStreet.CA
• Positive Sentiment: Royal Bank of Canada raised its target to C$158 and maintained an “Outperform” (≈14.7% upside). BayStreet.CA
• Positive Sentiment: Scotiabank lifted its target to C$153 with an “Outperform” rating (≈11% upside). BayStreet.CA TickerReport
• Neutral Sentiment: Raymond James raised its target to C$148.50 but retained a “Market Perform” rating (≈7.8% upside). BayStreet.CA
• Neutral Sentiment: National Bank Financial increased its target to C$150 with a “Sector Perform” rating (≈8.9% upside). BayStreet.CA
• Neutral Sentiment: Canaccord Genuity lifted its target to C$145 but kept a “Hold” rating (≈5.2% upside). BayStreet.CA
• Neutral Sentiment: CM reported quarterly results: EPS C$2.76, revenue C$8.40B, ROE 12.61%, net margin 27.87% — solid fundamentals but no headline guidance change in the releases cited. MarketBeat Earnings

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.