Canadian Imperial Bank of Commerce (TSE:CM) PT Raised to C$76.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective boosted by National Bankshares from C$73.00 to C$76.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CM has been the topic of a number of other research reports. Cormark upped their price objective on Canadian Imperial Bank of Commerce from C$64.00 to C$68.00 in a research report on Friday, March 1st. Royal Bank of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$63.00 to C$68.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. Jefferies Financial Group boosted their target price on shares of Canadian Imperial Bank of Commerce from C$76.00 to C$77.00 in a research note on Monday, May 13th. TD Securities upgraded shares of Canadian Imperial Bank of Commerce from a hold rating to a buy rating and boosted their target price for the stock from C$65.00 to C$70.00 in a research note on Friday, March 1st. Finally, BMO Capital Markets boosted their target price on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$74.00 in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce presently has an average rating of Hold and an average price target of C$67.23.

Canadian Imperial Bank of Commerce Trading Up 0.9 %

Canadian Imperial Bank of Commerce stock opened at C$67.24 on Friday. Canadian Imperial Bank of Commerce has a twelve month low of C$47.44 and a twelve month high of C$69.42. The stock’s fifty day simple moving average is C$66.69 and its 200-day simple moving average is C$62.43. The firm has a market capitalization of C$63.02 billion, a P/E ratio of 10.28, a P/E/G ratio of 3.01 and a beta of 1.11.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$1.81 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.69 by C$0.12. Canadian Imperial Bank of Commerce had a return on equity of 12.14% and a net margin of 29.50%. The business had revenue of C$6.22 billion for the quarter, compared to analyst estimates of C$6.07 billion. Sell-side analysts predict that Canadian Imperial Bank of Commerce will post 6.8194726 earnings per share for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, March 28th were paid a $0.90 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $3.60 annualized dividend and a yield of 5.35%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 55.05%.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.