The eleven research firms that cover the Canadian Imperial Bank of Commerce (NYSE: CM) (TSE: CM) have assigned the company’s shares an average rating of “Hold,” as reported by Bloomberg.com. One market analyst believes investors should sell the stock, seven analysts believe investors should maintain their current holdings, and one analyst believes investors should purchase the stock.
The stock currently has an average price target of $74.57 for the coming year, according to price targets established by brokerages that have updated their stock coverage within the past year.
CM stock started trading for the first time on Thursday for $41.12 per share.
The stock price has reached $44.58, equal to its 50-day moving average, and $44.70, equal to its 200-day moving average.
The PEG ratio of the company is 2.20, its P/E ratio is 10.44, and its beta value is 1.02.
The company has a market capitalization of $37.49 billion at the moment.
The lowest point over the past year for the Canadian Imperial Bank of Commerce was $39.40, and the highest point over the past year was $65.81.
The organization has a debt-to-equity ratio of 0.16, a quick ratio of 1.05, and a current ratio of 1.05, all totaling the same value.
Several different equity research analysts have written recent reports on the company.
These studies emphasized more recent happenings. On Thursday, research regarding the Canadian Imperial Bank of Commerce was first presented by StockNews.com in the form of a report that was made available to the general public.
They encouraged shareholders to “keep” the stock in their holdings rather than sell it.
In a research report distributed on Thursday, December 1, National Bank Financial changed its recommendation for the shares of Canadian Imperial Bank of Commerce from “outperform” to “sector perform.” In a research report made public on December 12, Bank of America lowered its rating for the Canadian Imperial Bank of Commerce stock.
The company’s rating for the stock changed from “neutral” to “underperform,” reflecting the firm’s more bearish outlook on the stock.
In a research note published on Tuesday, December 20, CIBC decreased their price objective for the Canadian Imperial Bank of Commerce from C$67.00 to C$61.00. However, in their evaluation of the company’s performance, CIBC upgraded it from “sector perform” to “outperform.” The “outperform” rating that Credit Suisse Group had previously assigned to the common stock of Canadian Imperial Bank of Commerce was changed to a “neutral” rating in a research report published on Friday, December 9.
The final and most significant adjustment was made here.
Additionally, it was announced that the business would be making its next quarterly dividend payment on April 28.
A dividend payment of $0.639 per share will be distributed, and the record date for the dividend payment will be March 28. On March 28, the dividend payment will be distributed to shareholders who have an active account. On Monday, March 27, 2018, dividends will be discontinued for shareholders, effectively ending their receipt.
This represents an increase over the previous dividend amount of $0.63 distributed by the Canadian Imperial Bank of Commerce every quarter as a form of payment to shareholders.
This results in a yield of 6.22 percent as well as an annual dividend payment of 2.56 dollars.
A dividend payout ratio (DPR) of 63.20 percent has been established for the Canadian Imperial Bank of Commerce.
The functions hedge funds perform in the industry have been subject to recent changes.
During the third quarter, Twin Tree Management LP saw a rise of 106.1% in the amount of Canadian Imperial Bank of Commerce stock that it owned as a percentage of its overall holdings.
Twin Tree Management LP now has 600 shares of the bank’s stock, worth $26,000, thanks to the purchase of an additional 10,400 shares throughout the period. Glassman Financial Services achieved a 49.8 percent increase in the value of its holdings in the Canadian Imperial Bank of Commerce over the final three months of 2018.
After purchasing an additional 219 shares during that period, Glassman Wealth Services now owns 659 shares of the bank’s stock, with a combined value of $27,000.
These shares were acquired as part of the same transaction.
During the last three months of 2018, Banco Cantonale Vaudoise increased the Canadian Imperial Bank of Commerce percentage in its portfolio by 67.6 percent. Following the acquisition of an additional three hundred shares of stock over time, the Bank Cantonale Vaudoise now holds seven hundred and forty-four of the bank’s shares, each currently valued at thirty thousand dollars.
Brown Brothers Harriman & Co increased the quantity of Canadian Imperial Bank of Commerce stock held by 100.0% during the second quarter.
Brown Brothers Harriman & Co currently holds 832 shares of the bank’s stock, which have a combined value of $40,000 after purchasing 416 additional shares during the relevant period.
This brings the total number of shares owned by the company to 832.
The percentage of Canadian Imperial Bank of Commerce stock that Ronald Blue Trust INC owns increased by 840.4% during the fourth quarter of this fiscal year.
This brings us to the last point we will discuss.
After purchasing an additional 832 shares over the previous three months, Ronald Blue Trust INC now has 931 shares of the bank’s stock, which collectively have a value of $41,000.
This brings the total number of shares that the company currently owns to 931.
Institutional investors own the company and share 44.40 percent of the total.
The Canadian Imperial Bank of Commerce is a financial institution that provides banking services and services relating to wealth administration for its customers.
It is active in the Canadian Personal and Business Banking sector, the Canadian Commercial Banking and Wealth Management sector, the Capital Markets sector, the Corporate sector, and several other business sectors.