Published On: Mon, Sep 12th, 2016

Auto Draft

Several brokerages have updated their recommendations and price targets on shares of Canadian Imperial Bank of Commerce (NYSE: CM) in the last few weeks:

9/9/2016 – Canadian Imperial Bank of Commerce had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $103.00 price target on the stock.
8/30/2016 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
8/29/2016 – Canadian Imperial Bank of Commerce had its “buy” rating reaffirmed by analysts at Desjardins. They now have a $110.00 price target on the stock, up previously from $109.00.
8/29/2016 – Canadian Imperial Bank of Commerce had its “sector perform” rating reaffirmed by analysts at Scotiabank. They now have a $105.00 price target on the stock, up previously from $102.00.
8/29/2016 – Canadian Imperial Bank of Commerce had its “hold” rating reaffirmed by analysts at TD Securities. They now have a $105.00 price target on the stock, up previously from $100.00.
8/26/2016 – Canadian Imperial Bank of Commerce had its price target raised by analysts at Royal Bank Of Canada from $104.00 to $112.00. They now have a “sector perform” rating on the stock.
8/26/2016 – Canadian Imperial Bank of Commerce had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $103.00 price target on the stock, up previously from $97.00.
8/26/2016 – Canadian Imperial Bank of Commerce had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $112.00 price target on the stock, up previously from $104.00.
8/25/2016 – Canadian Imperial Bank of Commerce had its “neutral” rating reaffirmed by analysts at Canaccord Genuity.
8/21/2016 – Canadian Imperial Bank of Commerce had its “underperform” rating reaffirmed by analysts at Barclays PLC. They now have a $93.00 price target on the stock, up previously from $87.00.
8/4/2016 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
7/26/2016 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “

Canadian Imperial Bank of Commerce (NYSE:CM) opened at 78.75 on Monday. Canadian Imperial Bank of Commerce has a 12 month low of $56.29 and a 12 month high of $82.60. The company has a market cap of $31.09 billion, a PE ratio of 10.02 and a beta of 1.03. The company has a 50 day moving average price of $77.20 and a 200-day moving average price of $76.22.
Canadian Imperial Bank of Commerce (NYSE:CM) last announced its quarterly earnings results on Thursday, August 25th. The company reported $2.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.32. Canadian Imperial Bank of Commerce had a return on equity of 18.83% and a net margin of 22.51%. During the same quarter in the prior year, the company earned $2.45 earnings per share. Equities analysts predict that Canadian Imperial Bank of Commerce will post $7.76 earnings per share for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/12/canadian-imperial-bank-of-commerce-cm-research-analysts-recent-ratings-updates.html

The firm also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Wednesday, September 28th will be given a $0.928 dividend. The ex-dividend date of this dividend is Monday, September 26th. This is a boost from Canadian Imperial Bank of Commerce’s previous dividend of $0.86. Canadian Imperial Bank of Commerce’s payout ratio is currently 47.19%.
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>