Press coverage about Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian Imperial Bank of Commerce earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.1498768770957 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently weighed in on CM. ValuEngine lowered shares of Canadian Imperial Bank of Commerce from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating and set a $108.00 price objective for the company in a research report on Tuesday, February 27th. Finally, Barclays upgraded shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Imperial Bank of Commerce has an average rating of “Buy” and an average price target of $115.86.
CM stock opened at $88.57 on Friday. The company has a market cap of $38,898.71, a P/E ratio of 9.96, a P/E/G ratio of 1.61 and a beta of 1.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.10. Canadian Imperial Bank of Commerce has a 52 week low of $77.20 and a 52 week high of $100.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Wednesday, March 28th will be given a $1.047 dividend. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $4.19 dividend on an annualized basis and a dividend yield of 4.73%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 47.13%.
Canadian Imperial Bank of Commerce Company Profile
Canadian Imperial Bank of Commerce operates as a global financial institution, which provides a full range of financial products and services to individual, small business, commercial, corporate and institutional clients. It operates through the following segments: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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