Research Analysts Issue Forecasts for Canadian Imperial Bank of Commerce’s Q1 2020 Earnings (TSE:CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Stock analysts at Desjardins issued their Q1 2020 earnings per share (EPS) estimates for shares of Canadian Imperial Bank of Commerce in a report issued on Thursday, December 5th. Desjardins analyst D. Young forecasts that the company will post earnings per share of $3.02 for the quarter.

Several other research firms have also issued reports on CM. Scotiabank lowered their price target on shares of Canadian Imperial Bank of Commerce from C$121.00 to C$118.00 in a report on Friday, December 6th. Royal Bank of Canada lowered their price target on shares of Canadian Imperial Bank of Commerce from C$124.00 to C$121.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Canaccord Genuity set a C$108.00 price target on shares of Canadian Imperial Bank of Commerce in a report on Friday, December 6th. Cormark lowered their price target on shares of Canadian Imperial Bank of Commerce from C$116.00 to C$115.00 in a report on Friday, December 6th. Finally, Eight Capital lowered their price target on shares of Canadian Imperial Bank of Commerce from C$119.00 to C$107.00 in a report on Wednesday, August 14th. Seven research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of C$113.25.

Canadian Imperial Bank of Commerce stock opened at C$109.05 on Monday. Canadian Imperial Bank of Commerce has a 52-week low of C$97.55 and a 52-week high of C$115.96. The firm has a 50 day moving average price of C$113.58 and a two-hundred day moving average price of C$106.75. The firm has a market cap of $48.94 billion and a price-to-earnings ratio of 9.56.

In related news, Director Katharine Berghuis Stevenson acquired 4,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of C$109.52 per share, for a total transaction of C$438,080.00. Following the purchase, the director now directly owns 20,352 shares of the company’s stock, valued at approximately C$2,228,951.04.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be paid a $1.44 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $5.76 annualized dividend and a dividend yield of 5.28%. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 49.08%.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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Earnings History and Estimates for Canadian Imperial Bank of Commerce (TSE:CM)

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