Canadian Imperial Bank of Commerce (TSE:CM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$145.35.

A number of brokerages have weighed in on CM. BMO Capital Markets increased their price target on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. National Bank Financial raised their target price on shares of Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. TD Securities boosted their target price on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the company a “buy” rating in a report on Friday, February 27th. Raymond James Financial lifted their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$148.50 and gave the company a “market perform” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada lowered their price target on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a research report on Wednesday.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock opened at C$134.53 on Friday. The stock has a fifty day moving average price of C$131.96 and a 200 day moving average price of C$123.41. The stock has a market cap of C$123.81 billion, a PE ratio of 14.03, a P/E/G ratio of 3.03 and a beta of 1.32. 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. Canadian Imperial Bank of Commerce had a return on equity of 14.76% and a net margin of 17.63%.The company had revenue of C$8.40 billion for the quarter. As a group, equities research analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th will be given a $1.07 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 41.50%.

Canadian Imperial Bank of Commerce Company Profile

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.