Desjardins Has Optimistic Outlook of CM Q1 Earnings

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Stock analysts at Desjardins lifted their Q1 2025 earnings estimates for Canadian Imperial Bank of Commerce in a research report issued on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the bank will post earnings of $1.29 per share for the quarter, up from their prior estimate of $1.26. The consensus estimate for Canadian Imperial Bank of Commerce’s current full-year earnings is $5.49 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce’s FY2025 earnings at $5.42 EPS.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada raised shares of Canadian Imperial Bank of Commerce from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $97.00 to $103.00 in a research note on Wednesday, January 8th. StockNews.com raised Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Imperial Bank of Commerce Stock Up 0.1 %

CM stock opened at $61.67 on Thursday. The company has a 50 day moving average of $63.88 and a two-hundred day moving average of $60.62. The company has a market cap of $58.12 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.66 and a beta of 1.05. Canadian Imperial Bank of Commerce has a 12-month low of $43.86 and a 12-month high of $67.45. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Plato Investment Management Ltd lifted its position in Canadian Imperial Bank of Commerce by 10.9% during the 4th quarter. Plato Investment Management Ltd now owns 58,712 shares of the bank’s stock worth $3,726,000 after acquiring an additional 5,769 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Canadian Imperial Bank of Commerce during the 4th quarter worth about $30,000. Jones Financial Companies Lllp boosted its stake in Canadian Imperial Bank of Commerce by 14.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,550 shares of the bank’s stock valued at $920,000 after purchasing an additional 1,875 shares during the period. Williamson Legacy Group LLC acquired a new stake in Canadian Imperial Bank of Commerce in the 4th quarter valued at approximately $245,000. Finally, Versor Investments LP increased its position in Canadian Imperial Bank of Commerce by 227.9% in the 4th quarter. Versor Investments LP now owns 19,856 shares of the bank’s stock worth $1,255,000 after buying an additional 13,801 shares during the period. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Friday, December 27th were issued a dividend of $0.6912 per share. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. This represents a $2.76 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 51.22%.

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.