Neutral News Coverage Very Unlikely to Impact Canadian Imperial Bank of Commerce (CM) Stock Price

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Press coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has trended neutral this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of 0.33 on their scale. InfoTrie also gave media headlines about the bank an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Canadian Imperial Bank of Commerce’s score:

Several research analysts have recently commented on CM shares. Barclays reissued a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, November 16th. BMO Capital Markets reissued a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, November 30th. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report on Monday, March 4th. Canaccord Genuity reissued a “buy” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, November 22nd. Finally, Scotiabank reissued an “average” rating and set a $126.00 price objective on shares of Canadian Imperial Bank of Commerce in a report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $125.43.

NYSE:CM opened at $84.16 on Friday. The company has a market capitalization of $37.23 billion, a P/E ratio of 9.01, a PEG ratio of 4.98 and a beta of 1.16. Canadian Imperial Bank of Commerce has a 1-year low of $72.96 and a 1-year high of $96.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.12.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a $1.0616 dividend. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.03. The ex-dividend date is Wednesday, March 27th. This represents a $4.25 dividend on an annualized basis and a yield of 5.05%. Canadian Imperial Bank of Commerce’s payout ratio is presently 43.79%.

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Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, 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.

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