Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$150.00 at National Bank Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price hoisted by National Bank Financial from C$131.00 to C$150.00 in a report published on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on CM. Desjardins increased their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Canaccord Genuity Group upped their price target on Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research report on Friday. Scotiabank raised their price objective on Canadian Imperial Bank of Commerce from C$133.00 to C$138.00 in a research note on Friday, January 9th. Royal Bank Of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from C$131.00 to C$134.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Finally, BMO Capital Markets increased their target price on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$146.05.

Canadian Imperial Bank of Commerce Trading Down 2.9%

CM stock traded down C$4.05 during mid-day trading on Friday, hitting C$137.79. 3,974,085 shares of the company were exchanged, compared to its average volume of 2,616,844. The firm has a fifty day simple moving average of C$129.18 and a 200 day simple moving average of C$119.47. The company has a market capitalization of C$127.68 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26. Canadian Imperial Bank of Commerce has a twelve month low of C$76.17 and a twelve month high of C$143.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share (EPS) for the quarter. The business had revenue of C$8.40 billion for the quarter. Canadian Imperial Bank of Commerce had a net margin of 27.87% and a return on equity of 12.61%. As a group, sell-side analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 28th were given a dividend of $1.07 per share. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, December 29th. Canadian Imperial Bank of Commerce’s payout ratio is currently 45.27%.

Insider Buying and Selling at Canadian Imperial Bank of Commerce

In related news, insider Frank Guse sold 5,000 shares of Canadian Imperial Bank of Commerce stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of C$127.16, for a total value of C$635,800.00. Following the sale, the insider directly owned 1,359 shares in the company, valued at C$172,810.44. This trade represents a 78.63% decrease in their position. 0.02% of the stock is currently owned by company insiders.

Key Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “Buy” rating (≈11% upside versus the current price). BayStreet.CA
• Positive Sentiment: BMO Capital Markets bumped its target to C$150 and set an “Outperform” rating (≈8.9% upside). BayStreet.CA
• Positive Sentiment: Royal Bank of Canada raised its target to C$158 and maintained an “Outperform” (≈14.7% upside). BayStreet.CA
• Positive Sentiment: Scotiabank lifted its target to C$153 with an “Outperform” rating (≈11% upside). BayStreet.CA TickerReport
• Neutral Sentiment: Raymond James raised its target to C$148.50 but retained a “Market Perform” rating (≈7.8% upside). BayStreet.CA
• Neutral Sentiment: National Bank Financial increased its target to C$150 with a “Sector Perform” rating (≈8.9% upside). BayStreet.CA
• Neutral Sentiment: Canaccord Genuity lifted its target to C$145 but kept a “Hold” rating (≈5.2% upside). BayStreet.CA
• Neutral Sentiment: CM reported quarterly results: EPS C$2.76, revenue C$8.40B, ROE 12.61%, net margin 27.87% — solid fundamentals but no headline guidance change in the releases cited. MarketBeat Earnings

Canadian Imperial Bank of Commerce Company Profile

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.