Canadian Imperial Bank of Commerce (TSE:CM) Given a C$95.00 Price Target at National Bankshares

National Bankshares set a C$95.00 target price on Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. Scotiabank raised Canadian Imperial Bank of Commerce to a “strong-buy” rating in a report on Thursday, May 15th. UBS Group decreased their target price on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a research note on Friday, February 14th. Canaccord Genuity Group reduced their price objective on shares of Canadian Imperial Bank of Commerce from C$93.00 to C$92.00 in a research report on Monday, May 12th. TD Securities dropped their target price on shares of Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Royal Bank of Canada set a C$108.00 target price on shares of Canadian Imperial Bank of Commerce and gave the company an “outperform” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian Imperial Bank of Commerce presently has a consensus rating of “Moderate Buy” and an average price target of C$94.31.

Canadian Imperial Bank of Commerce Price Performance

TSE:CM opened at C$92.85 on Thursday. The business’s fifty day moving average price is C$84.46 and its 200 day moving average price is C$87.63. The firm has a market capitalization of C$86.87 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12. Canadian Imperial Bank of Commerce has a 12 month low of C$64.47 and a 12 month high of C$95.50.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Friday, March 28th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 4.18%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.55%.

Insider Transactions at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Senior Officer Sandy Sharman sold 1,027 shares of Canadian Imperial Bank of Commerce stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$81.27, for a total value of C$83,464.29. Corporate insiders own 0.02% of the company’s stock.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce is Canada’s fifth- largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.