Royal Bank of Canada set a C$108.00 price objective on Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM in a research report report published on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other research analysts also recently issued research reports about the stock. Scotiabank cut their target price on shares of Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets raised their price target on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a report on Monday, November 18th. Canaccord Genuity Group raised their price target on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday, December 6th. TD Securities lowered their price target 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. Finally, Cormark raised their price target on shares of Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce currently has an average rating of "Moderate Buy" and an average price target of C$93.50.
Check Out Our Latest Stock Report on CM
Canadian Imperial Bank of Commerce Stock Down 0.0 %
CM stock traded down C$0.04 during trading on Monday, hitting C$81.07. The company had a trading volume of 8,250,013 shares, compared to its average volume of 3,797,611. The firm has a market capitalization of C$75.85 billion, a P/E ratio of 10.71, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 52-week low of C$64.02 and a 52-week high of C$95.50. The company has a 50 day simple moving average of C$87.01 and a 200-day simple moving average of C$86.92.
Canadian Imperial Bank of Commerce Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is 47.55%.
Canadian Imperial Bank of Commerce Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Canadian Imperial Bank of Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Imperial Bank of Commerce wasn't on the list.
While Canadian Imperial Bank of Commerce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
