Canadian Imperial Financial institution of Commerce (TSE:CM – Free Report) (NYSE:CM) had its value goal elevated by Scotiabank from C$77.00 to C$85.00 in a analysis observe revealed on Friday, BayStreet.CA stories. The brokerage at present has an outperform ranking on the inventory.
Quite a few different analysis companies additionally just lately commented on CM. UBS Group set a C$70.00 goal value on shares of Canadian Imperial Financial institution of Commerce and gave the corporate a impartial ranking in a analysis report on Tuesday, July 2nd. Canaccord Genuity Group lifted their value goal on shares of Canadian Imperial Financial institution of Commerce from C$74.00 to C$75.00 in a report on Tuesday, August thirteenth. TD Securities boosted their value goal on shares of Canadian Imperial Financial institution of Commerce from C$76.00 to C$83.00 in a analysis observe on Thursday, August eighth. Jefferies Monetary Group dropped their goal value on Canadian Imperial Financial institution of Commerce from C$79.00 to C$78.00 and set a purchase ranking on the inventory in a analysis report on Monday, August twelfth. Lastly, Royal Financial institution of Canada boosted their value goal on Canadian Imperial Financial institution of Commerce from C$68.00 to C$69.00 and gave the inventory a sector carry out ranking in a analysis report on Friday, Could thirty first. One equities analysis analyst has rated the inventory with a promote ranking, 4 have given a maintain ranking and eight have issued a purchase ranking to the corporate. In accordance with knowledge from MarketBeat, the inventory at present has a consensus ranking of Average Purchase and a consensus goal value of C$77.50.
Test Out Our Newest Inventory Evaluation on CM
Canadian Imperial Financial institution of Commerce Inventory Up 1.6 %
Shares of TSE CM opened at C$78.76 on Friday. Canadian Imperial Financial institution of Commerce has a twelve month low of C$47.44 and a twelve month excessive of C$79.62. The agency has a market cap of C$74.27 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of three.01 and a beta of 1.12. The enterprise has a fifty day easy transferring common of C$69.26 and a two-hundred day easy transferring common of C$67.11.
Canadian Imperial Financial institution of Commerce (TSE:CM – Get Free Report) (NYSE:CM) final introduced its quarterly earnings outcomes on Thursday, Could thirtieth. The corporate reported C$1.75 EPS for the quarter, beating the consensus estimate of C$1.66 by C$0.09. Canadian Imperial Financial institution of Commerce had a return on fairness of 11.92% and a web margin of 29.25%. The agency had income of C$6.16 billion for the quarter, in comparison with analyst estimates of C$6.11 billion. On common, analysis analysts count on that Canadian Imperial Financial institution of Commerce will publish 7.3207171 earnings per share for the present 12 months.
Canadian Imperial Financial institution of Commerce Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which will likely be paid on Monday, October twenty eighth. Buyers of report on Friday, September twenty seventh will likely be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized foundation and a yield of 4.57%. The ex-dividend date is Friday, September twenty seventh. Canadian Imperial Financial institution of Commerce’s dividend payout ratio (DPR) is presently 54.96%.
Insiders Place Their Bets
In associated information, Senior Officer John Hountalas offered 20,808 shares of the corporate’s inventory in a transaction on Monday, June twenty fourth. The inventory was offered at a median value of C$65.97, for a complete worth of C$1,372,672.55. In associated information, Senior Officer John Hountalas offered 20,808 shares of the inventory in a transaction that occurred on Monday, June twenty fourth. The shares had been offered at a median value of C$65.97, for a complete worth of C$1,372,672.55. Additionally, Senior Officer Christina Charlotte Kramer offered 23,782 shares of the agency’s inventory in a transaction that occurred on Friday, June seventh. The inventory was offered at a median value of C$67.50, for a complete transaction of C$1,605,285.00. 0.02% of the inventory is owned by insiders.
About Canadian Imperial Financial institution of Commerce
Canadian Imperial Financial institution of Commerce, a diversified monetary establishment, supplies numerous monetary services to private, enterprise, public sector, and institutional purchasers in Canada, america, and internationally. The corporate operates by way of Canadian Private and Enterprise Banking; Canadian Business Banking and Wealth Administration; U.S.
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