Weekly Investment Analysts’ Ratings Changes for Canadian Imperial Bank of Commerce (CM)

Canadian Imperial Bank of Commerce (NYSE: CM) recently received a number of ratings updates from brokerages and research firms:

  • 5/24/2018 – Canadian Imperial Bank of Commerce had its price target lowered by analysts at Royal Bank of Canada from $141.00 to $135.00. They now have a “sector perform” rating on the stock.
  • 5/23/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating.
  • 5/17/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 5/16/2018 – Canadian Imperial Bank of Commerce was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $101.00 price target on the stock. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 4/25/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CIBC is a leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world. It offers these services through two distinct business lines: CIBC Retail Markets and CIBC World Markets. The former comprises CIBC’s personal, business banking and wealth businesses. It provides a full range of financial products and services to personal, business and wealth management clients, as well as investment management services globally to retail and institutional clients. CIBC is headquartered in Toronto, Canada. “
  • 4/2/2018 – Canadian Imperial Bank of Commerce was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Canadian Imperial Bank of Commerce opened at $87.72 on Thursday, Marketbeat Ratings reports. Canadian Imperial Bank of Commerce has a 52 week low of $77.33 and a 52 week high of $100.01. The stock has a market cap of $38.56 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.60 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.15.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its earnings results on Wednesday, May 23rd. The bank reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.74. Canadian Imperial Bank of Commerce had a net margin of 21.28% and a return on equity of 17.55%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. research analysts anticipate that Canadian Imperial Bank of Commerce will post 9.27 earnings per share for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Thursday, June 28th will be issued a dividend of $1.036 per share. This represents a $4.14 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Wednesday, June 27th. Canadian Imperial Bank of Commerce’s payout ratio is 47.13%.

A number of hedge funds have recently made changes to their positions in the business. Comerica Securities Inc. lifted its stake in Canadian Imperial Bank of Commerce by 17.1% in the first quarter. Comerica Securities Inc. now owns 4,160 shares of the bank’s stock valued at $372,000 after acquiring an additional 607 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Canadian Imperial Bank of Commerce by 1.7% in the first quarter. Baird Financial Group Inc. now owns 39,334 shares of the bank’s stock valued at $3,472,000 after acquiring an additional 658 shares during the last quarter. M&T Bank Corp lifted its stake in Canadian Imperial Bank of Commerce by 4.3% in the fourth quarter. M&T Bank Corp now owns 16,196 shares of the bank’s stock valued at $1,578,000 after acquiring an additional 673 shares during the last quarter. Grove Bank & Trust lifted its stake in Canadian Imperial Bank of Commerce by 20.6% in the first quarter. Grove Bank & Trust now owns 4,090 shares of the bank’s stock valued at $361,000 after acquiring an additional 699 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Canadian Imperial Bank of Commerce by 5.7% in the first quarter. Commonwealth Equity Services LLC now owns 13,692 shares of the bank’s stock valued at $1,208,000 after purchasing an additional 737 shares during the period. Hedge funds and other institutional investors own 44.54% of the company’s stock.

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.

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