Canadian Imperial Bank of Commerce (TSE:CM) Insider Stephen Alan Scholtz Sells 6,000 Shares of Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Stephen Alan Scholtz sold 6,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$162.70, for a total transaction of C$976,200.00.

Canadian Imperial Bank of Commerce Trading Up 0.0%

Shares of TSE:CM opened at C$162.19 on Friday. The firm’s 50 day moving average is C$153.84 and its two-hundred day moving average is C$139.02. Canadian Imperial Bank of Commerce has a 52 week low of C$95.01 and a 52 week high of C$163.59. The firm has a market capitalization of C$148.05 billion, a P/E ratio of 16.09, a PEG ratio of 3.03 and a beta of 1.42.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$2.54 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 15.24% and a net margin of 18.44%.The business had revenue of C$8.01 billion during the quarter. Analysts predict that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. TD reduced their price target on shares of Canadian Imperial Bank of Commerce from C$166.00 to C$163.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Scotiabank increased their price objective on shares of Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th. National Bank Financial raised their price objective on shares of Canadian Imperial Bank of Commerce from C$150.00 to C$152.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group boosted their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$152.86.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.