Canadian Imperial Bank of Commerce (TSE:CM – Free Report) (NYSE:CM) had its price objective raised by National Bankshares from C$76.00 to C$78.00 in a research report report published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other research analysts also recently issued reports on the company. Scotiabank boosted their price objective on Canadian Imperial Bank of Commerce from C$69.00 to C$73.00 and gave the company an outperform rating in a research note on Friday, May 17th. BMO Capital Markets upped their price target on shares of Canadian Imperial Bank of Commerce from C$74.00 to C$77.00 in a research report on Friday. Royal Bank of Canada raised their price objective on shares of Canadian Imperial Bank of Commerce from C$68.00 to C$69.00 and gave the company a sector perform rating in a research report on Friday. Canaccord Genuity Group upped their target price on shares of Canadian Imperial Bank of Commerce from C$64.00 to C$67.00 and gave the stock a hold rating in a report on Friday, March 1st. Finally, Jefferies Financial Group raised their price target on Canadian Imperial Bank of Commerce from C$76.00 to C$77.00 in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$69.09.
Check Out Our Latest Research Report on Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce Price Performance
Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last released its earnings results on Thursday, February 29th. The company reported C$1.81 earnings per share for the quarter, beating the consensus estimate of C$1.69 by C$0.12. The company had revenue of C$6.22 billion for the quarter, compared to the consensus estimate of C$6.07 billion. Canadian Imperial Bank of Commerce had a return on equity of 12.14% and a net margin of 29.50%. Equities research analysts expect that Canadian Imperial Bank of Commerce will post 6.7699387 EPS for the current year.
Canadian Imperial Bank of Commerce Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Imperial Bank of Commerce’s payout ratio is 55.21%.
Canadian Imperial Bank of Commerce Company Profile
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.
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