Canadian Imperial Bank of Commerce (TSE:CM) Receives C$95.08 Consensus PT from Brokerages

Shares of Canadian Imperial Bank of Commerce (TSE:CM - Get Free Report) NYSE: CM have earned a consensus rating of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$94.58.

A number of equities analysts recently issued reports on the company. Scotiabank increased their price objective on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a report on Friday, December 6th. Cormark increased their price objective on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday, December 6th. TD Securities increased their price objective on Canadian Imperial Bank of Commerce from C$91.00 to C$98.00 in a report on Friday, November 15th. Royal Bank of Canada raised Canadian Imperial Bank of Commerce from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$97.00 to C$103.00 in a report on Wednesday, January 8th. Finally, UBS Group decreased their price objective on Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday.

Canadian Imperial Bank of Commerce Stock Down 0.0 %

Shares of TSE:CM traded down C$0.04 during trading on Friday, hitting C$88.01. 1,894,879 shares of the company traded hands, compared to its average volume of 3,436,642. The stock has a market capitalization of C$82.34 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 3.03 and a beta of 1.12. The business's fifty day moving average is C$91.01 and its 200-day moving average is C$84.67. Canadian Imperial Bank of Commerce has a one year low of C$60.95 and a one year high of C$95.50.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.90. This represents a $3.88 annualized dividend and a dividend yield of 4.41%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 47.55%.

Insider Transactions at Canadian Imperial Bank of Commerce

In other news, Director Victor George Dodig sold 150,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$94.22, for a total value of C$14,132,865.00. Also, Senior Officer Susan Rimmer sold 1,000 shares of the firm's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of C$93.14, for a total value of C$93,140.00. Insiders sold a total of 177,012 shares of company stock valued at $16,687,218 in the last three months. 0.02% of the stock is currently owned by corporate insiders.

About Canadian Imperial Bank of Commerce

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.