News coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canadian Imperial Bank of Commerce earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.1498768770957 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Consolidated Research: 2018 Summary Expectations for Canadian Imperial Bank of Commerce, Rapid7, Blucora, Grupo Financiero Galicia S.A, Golden Star Resources, and Canadian Solar — Fundamental Analysis (markets.financialcontent.com)
- Canadian Imperial Bank of Commerce (CM) Expected to Post Quarterly Sales of $3.39 Billion (americanbankingnews.com)
- Which Banks Should You Add to Your TFSA as Interest Rates Take Off? – The Motley Fool Canada (fool.ca)
- $2.23 Earnings Per Share Expected for Canadian Imperial Bank of Commerce (CM) This Quarter (americanbankingnews.com)
Canadian Imperial Bank of Commerce (CM) traded up $0.25 during trading on Wednesday, reaching $91.20. The company’s stock had a trading volume of 293,690 shares, compared to its average volume of 431,013. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $40,380.00, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.69 and a beta of 1.13. Canadian Imperial Bank of Commerce has a one year low of $77.20 and a one year high of $100.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Wednesday, March 28th will be paid a $1.047 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $4.19 dividend on an annualized basis and a yield of 4.59%. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.01. Canadian Imperial Bank of Commerce’s payout ratio is currently 50.12%.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a research report on Tuesday, February 27th. Barclays upgraded Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research report on Tuesday, December 19th. Credit Suisse Group upgraded Canadian Imperial Bank of Commerce from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $125.00 in a research report on Friday, December 1st. Canaccord Genuity reiterated a “buy” rating and issued a $121.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Thursday, November 30th. Finally, Scotiabank reiterated a “hold” rating and issued a $128.00 price target on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Canadian Imperial Bank of Commerce currently has a consensus rating of “Buy” and an average price target of $115.86.
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About Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. The Company provides a range of financial products and services to approximately 11 million individual, small business, commercial, corporate and institutional clients in Canada and around the world. The Company operates through three segments: Retail and Business Banking, Wealth Management and Capital Markets.
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