Desjardins Has Optimistic Outlook of TSE:CM FY2025 Earnings

Canadian Imperial Bank of Commerce (TSE:CM - Free Report) NYSE: CM - Equities researchers at Desjardins lifted their FY2025 earnings per share estimates for shares of Canadian Imperial Bank of Commerce in a note issued to investors on Thursday, December 5th. Desjardins analyst D. Young now anticipates that the company will earn $7.65 per share for the year, up from their prior forecast of $7.45. Desjardins currently has a "Buy" rating and a $83.00 price target on the stock. The consensus estimate for Canadian Imperial Bank of Commerce's current full-year earnings is $6.41 per share. Desjardins also issued estimates for Canadian Imperial Bank of Commerce's FY2026 earnings at $8.20 EPS.

Several other brokerages also recently issued reports on CM. Barclays upped their price target on shares of Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an "underweight" rating in a report on Friday, August 30th. Cormark boosted their price target on Canadian Imperial Bank of Commerce from C$99.00 to C$104.00 in a report on Friday. Scotiabank upped their price objective on Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research report on Friday. Jefferies Financial Group dropped their price objective on Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Finally, Canaccord Genuity Group upped their target price on shares of Canadian Imperial Bank of Commerce from C$92.00 to C$99.00 in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of "Moderate Buy" and a consensus target price of C$90.00.

Canadian Imperial Bank of Commerce Price Performance

Canadian Imperial Bank of Commerce stock traded down C$0.70 during trading hours on Monday, hitting C$93.65. The stock had a trading volume of 2,141,768 shares, compared to its average volume of 3,712,923. The stock has a market capitalization of C$88.50 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 1-year low of C$57.96 and a 1-year high of C$94.81. The stock's fifty day moving average is C$87.10 and its two-hundred day moving average is C$76.21.

Insider Activity at Canadian Imperial Bank of Commerce

In other news, Senior Officer Christina Charlotte Kramer sold 37,022 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$83.40, for a total value of C$3,087,634.80. Also, Senior Officer Shawn Beber sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$81.80, for a total value of C$817,960.00. Over the last 90 days, insiders have sold 147,527 shares of company stock worth $12,287,957. 0.02% of the stock is owned by insiders.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Friday, December 27th will be given a $0.97 dividend. 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 4.14%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is 52.10%.

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.