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

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price target cut by National Bankshares from C$101.00 to C$95.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

CM has been the subject of a number of other research reports. Royal Bank of Canada set a C$108.00 target price on Canadian Imperial Bank of Commerce and gave the stock an “outperform” rating in a research note on Monday, March 17th. TD Securities reduced their price objective on Canadian Imperial Bank of Commerce from C$100.00 to C$99.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Scotiabank dropped their target price on Canadian Imperial Bank of Commerce from C$114.00 to C$95.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group cut their price target on shares of Canadian Imperial Bank of Commerce from C$102.00 to C$96.00 in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$93.58.

Canadian Imperial Bank of Commerce Trading Down 2.9 %

TSE CM opened at C$78.29 on Monday. Canadian Imperial Bank of Commerce has a 12-month low of C$64.02 and a 12-month high of C$95.50. The company has a fifty day simple moving average of C$84.90 and a two-hundred day simple moving average of C$87.25. The stock has a market cap of C$73.25 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 47.55%.

Insiders Place Their Bets

In related news, Senior Officer Sandy Sharman sold 1,027 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of C$81.27, for a total transaction of C$83,464.29. Insiders own 0.02% of the company’s stock.

Canadian Imperial Bank of Commerce Company Profile

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.