Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Equities research analysts at Desjardins issued their FY2019 earnings estimates for Canadian Imperial Bank of Commerce in a note issued to investors on Monday. Desjardins analyst D. Young anticipates that the bank will post earnings of $9.01 per share for the year.

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Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Tuesday, July 18th. Canaccord Genuity initiated coverage on Canadian Imperial Bank of Commerce in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. BidaskClub raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities raised Canadian Imperial Bank of Commerce from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Wednesday, September 6th. Finally, Citigroup Inc. cut Canadian Imperial Bank of Commerce from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Canadian Imperial Bank of Commerce presently has an average rating of “Hold” and a consensus price target of $108.20.

Canadian Imperial Bank of Commerce (NYSE:CM) traded down $0.39 during trading hours on Tuesday, reaching $89.74. The company’s stock had a trading volume of 256,628 shares, compared to its average volume of 468,274. Canadian Imperial Bank of Commerce has a 1 year low of $73.59 and a 1 year high of $92.22. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $39,520.00, a PE ratio of 10.85, a price-to-earnings-growth ratio of 3.33 and a beta of 1.11.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Thursday, September 28th were given a dividend of $1.0329 per share. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.94. This represents a $4.13 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 46.77%.

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canadian Imperial Bank of Commerce by 55.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,474 shares of the bank’s stock worth $120,000 after buying an additional 526 shares during the period. INR Advisory Services LLC acquired a new position in shares of Canadian Imperial Bank of Commerce during the second quarter worth about $125,000. Opera Trading Capital acquired a new position in shares of Canadian Imperial Bank of Commerce during the second quarter worth about $136,000. Nationwide Fund Advisors acquired a new position in shares of Canadian Imperial Bank of Commerce during the second quarter worth about $138,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Canadian Imperial Bank of Commerce during the second quarter worth about $162,000. 46.24% of the stock is owned by institutional investors.

About Canadian Imperial Bank of Commerce

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.

Earnings History and Estimates for Canadian Imperial Bank of Commerce (NYSE:CM)

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