TD Securities Issues Positive Forecast for Canadian Imperial Bank of Commerce (TSE:CM) Stock Price

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its target price increased by TD Securities from C$142.00 to C$153.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

CM has been the subject of a number of other research reports. Jefferies Financial Group raised their price objective on shares of Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a report on Wednesday, February 11th. National Bank Financial increased their target price on shares of Canadian Imperial Bank of Commerce from C$131.00 to C$150.00 and gave the company a “sector perform” rating in a research report on Friday. Royal Bank Of Canada lifted their price target on shares of Canadian Imperial Bank of Commerce from C$134.00 to C$158.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group upped their price objective on Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the company a “hold” rating in a research note on Friday. Finally, Barclays raised Canadian Imperial Bank of Commerce from a “strong sell” rating to an “overweight” rating and raised their target price for the stock from C$126.00 to C$137.00 in a research report on Thursday, February 19th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$146.05.

Canadian Imperial Bank of Commerce Trading Down 2.9%

Shares of CM traded down C$4.05 on Friday, reaching C$137.79. 3,974,085 shares of the company’s stock traded hands, compared to its average volume of 2,616,844. The stock’s 50 day simple moving average is C$129.18 and its two-hundred day simple moving average is C$119.47. The stock has a market cap of C$127.68 billion, a PE ratio of 16.08, a PEG ratio of 3.03 and a beta of 1.26. Canadian Imperial Bank of Commerce has a 52-week low of C$76.17 and a 52-week high of C$143.80.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.76 earnings per share (EPS) for the quarter. The firm had revenue of C$8.40 billion during the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%. Analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 28th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. This is a boost from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.97. The ex-dividend date was Monday, December 29th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 45.27%.

Insider Activity

In related news, insider Frank Guse sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of C$127.16, for a total transaction of C$635,800.00. Following the sale, the insider directly owned 1,359 shares in the company, valued at approximately C$172,810.44. The trade was a 78.63% decrease in their position. Insiders own 0.02% of the company’s stock.

More Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “Buy” rating (≈11% upside versus the current price). BayStreet.CA
• Positive Sentiment: BMO Capital Markets bumped its target to C$150 and set an “Outperform” rating (≈8.9% upside). BayStreet.CA
• Positive Sentiment: Royal Bank of Canada raised its target to C$158 and maintained an “Outperform” (≈14.7% upside). BayStreet.CA
• Positive Sentiment: Scotiabank lifted its target to C$153 with an “Outperform” rating (≈11% upside). BayStreet.CA TickerReport
• Neutral Sentiment: Raymond James raised its target to C$148.50 but retained a “Market Perform” rating (≈7.8% upside). BayStreet.CA
• Neutral Sentiment: National Bank Financial increased its target to C$150 with a “Sector Perform” rating (≈8.9% upside). BayStreet.CA
• Neutral Sentiment: Canaccord Genuity lifted its target to C$145 but kept a “Hold” rating (≈5.2% upside). BayStreet.CA
• Neutral Sentiment: CM reported quarterly results: EPS C$2.76, revenue C$8.40B, ROE 12.61%, net margin 27.87% — solid fundamentals but no headline guidance change in the releases cited. MarketBeat Earnings

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.