Canadian Imperial Bank of Commerce (CM) Given New C$138.00 Price Target at Barclays

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Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price increased by Barclays from C$133.00 to C$138.00 in a research note published on Thursday.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Canadian Imperial Bank of Commerce from C$141.00 to C$135.00 and set a sector perform rating on the stock in a research note on Thursday. Canaccord Genuity increased their price objective on shares of Canadian Imperial Bank of Commerce from C$126.00 to C$131.00 and gave the company a buy rating in a research note on Thursday, January 25th. BMO Capital Markets increased their price objective on shares of Canadian Imperial Bank of Commerce from C$126.00 to C$130.00 and gave the company a market perform rating in a research note on Friday, February 23rd. Eight Capital increased their price objective on shares of Canadian Imperial Bank of Commerce from C$134.00 to C$139.00 in a research note on Friday, February 23rd. Finally, Desjardins upped their target price on shares of Canadian Imperial Bank of Commerce from C$133.00 to C$134.00 in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of C$130.33.

Shares of Canadian Imperial Bank of Commerce opened at C$115.10 on Thursday, according to Marketbeat. Canadian Imperial Bank of Commerce has a 52 week low of C$103.84 and a 52 week high of C$124.37.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$3.18 EPS for the quarter, beating the Zacks’ consensus estimate of C$2.83 by C$0.35. The firm had revenue of C$4.46 billion for the quarter, compared to analysts’ expectations of C$4.25 billion. Canadian Imperial Bank of Commerce had a net margin of 31.76% and a return on equity of 18.90%.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Thursday, June 28th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, June 27th. This represents a $5.32 dividend on an annualized basis and a yield of 4.62%.

In other news, Director Katharine Berghuis Stevenson bought 1,500 shares of Canadian Imperial Bank of Commerce stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of C$119.17 per share, for a total transaction of C$178,755.00.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

Analyst Recommendations for Canadian Imperial Bank of Commerce (TSE:CM)

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