Amy Florence South Sells 1,086 Shares of Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) insider Amy Florence South sold 1,086 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$162.15, for a total value of C$176,094.90.

Amy Florence South also recently made the following trade(s):

• On Monday, June 22nd, Amy Florence South sold 1,200 shares of Canadian Imperial Bank of Commerce stock. The stock was sold at an average price of C$160.92, for a total value of C$193,104.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM stock traded down C$1.49 on Friday, hitting C$160.70. The company’s stock had a trading volume of 908,107 shares, compared to its average volume of 2,561,116. The stock’s 50 day moving average is C$153.84 and its 200-day moving average is C$139.02. Canadian Imperial Bank of Commerce has a fifty-two week low of C$95.01 and a fifty-two week high of C$163.59. The company has a market capitalization of C$146.69 billion, a PE ratio of 15.94, 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 for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The business had revenue of C$8.01 billion during the quarter. On average, research analysts forecast that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CM has been the topic of a number of analyst reports. Scotiabank increased their price target on Canadian Imperial Bank of Commerce from C$155.00 to C$157.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 16th. Canaccord Genuity Group lifted their price objective on Canadian Imperial Bank of Commerce from C$158.00 to C$160.00 and gave the company a “hold” rating in a report on Friday, June 5th. Royal Bank Of Canada cut their target price on Canadian Imperial Bank of Commerce from C$158.00 to C$147.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. BMO Capital Markets increased their target price on Canadian Imperial Bank of Commerce from C$135.00 to C$150.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Barclays boosted their price target on Canadian Imperial Bank of Commerce from C$137.00 to C$141.00 in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of “Moderate Buy” and a consensus 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.