National Bank Financial Analysts Give Canadian Imperial Bank of Commerce (TSE:CM) a C$180.00 Price Target

National Bank Financial set a C$180.00 target price on Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on CM. Raymond James Financial raised their price objective on shares of Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Barclays increased their price target on Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a report on Friday, August 21st. Jefferies Financial Group raised their price target on Canadian Imperial Bank of Commerce from C$143.00 to C$153.00 and gave the stock a “hold” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods set a C$186.00 price objective on Canadian Imperial Bank of Commerce and gave the company a “hold” rating in a report on Friday, August 21st. Finally, TD upped their price objective on Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$165.46.

Canadian Imperial Bank of Commerce Stock Performance

TSE CM opened at C$163.82 on Monday. The business’s 50 day moving average price is C$164.87 and its 200-day moving average price is C$150.93. Canadian Imperial Bank of Commerce has a fifty-two week low of C$102.30 and a fifty-two week high of C$172.87. The company has a market cap of C$149.54 billion, a P/E ratio of 16.25, a P/E/G ratio of 3.03 and a beta of 1.40.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 EPS for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The company had revenue of C$8.01 billion during the quarter. As a group, equities analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 28th were issued a $1.07 dividend. The ex-dividend date was Monday, June 29th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 40.48%.

Insider Transactions at Canadian Imperial Bank of Commerce

In other news, insider Stephen Alan Scholtz sold 6,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$162.70, for a total value of C$976,200.00. Also, insider Christopher John Anderson sold 8,490 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$155.50, for a total value of C$1,320,195.00. Following the sale, the insider owned 6,252 shares of the company’s stock, valued at C$972,186. This trade represents a 57.59% decrease in their ownership of the stock. In the last three months, insiders sold 17,776 shares of company stock valued at $2,817,744. Corporate insiders own 0.02% of the company’s stock.

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.