What is Cormark's Estimate for TSE:CM Q2 Earnings?
Other equities analysts have also issued research reports about the stock. TD Securities cut their price objective on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$100.00 to C$89.00 in a report on Monday, April 21st. Canaccord Genuity Group cut their price objective on shares of Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a report on Monday, May 12th. Scotiabank upgraded shares of Canadian Imperial Bank of Commerce to a “strong-buy” rating in a report on Thursday, May 15th. Finally, National Bankshares set a C$95.00 price objective on shares of Canadian Imperial Bank of Commerce and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$94.31.
Check Out Our Latest Analysis on Canadian Imperial Bank of Commerce
Shares of CM stock opened at C$93.57 on Friday. Canadian Imperial Bank of Commerce has a 12 month low of C$64.47 and a 12 month high of C$95.50. The firm has a market capitalization of C$87.54 billion, a P/E ratio of 12.36, a P/E/G ratio of 3.03 and a beta of 1.12. The company’s fifty day moving average price is C$84.71 and its two-hundred day moving average price is C$87.67.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 28th were issued a $0.97 dividend. The ex-dividend date was Friday, March 28th. This represents a $3.88 dividend on an annualized basis and a yield of 4.15%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 47.55%.
In other Canadian Imperial Bank of Commerce news, Senior Officer Sandy Sharman sold 1,027 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$81.27, for a total value of C$83,464.29. 0.02% of the stock is currently owned by corporate insiders.
Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.
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