Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) – National Bank Financial announced in an on Monday the 14. National Bank financial analyst G. Dechaine now expects the company for the year 13.85 Will earn $ 13.49 per share, up from its previous forecast of $ 13.49. National Bank Financial has an “Outperform” rating and a price target of $ 159.00 on the stock. National Bank Financial also released estimates of the Canadian Imperial Bank of Commerce’s 2022 earnings of $ 14.50 EPS.
A number of other brokers have also commented on CM. Fundamental Research raised its target price for the Canadian Imperial Bank of Commerce from CAD 115.36 to CAD 135.48 and gave the company a “Buy” research note on Tuesday, March 2nd. The Royal Bank of Canada raised its target price for the Canadian Imperial Bank of Commerce from $ 141.00 to $ 157.00 and rated the company as “outperform” in a research note on Friday, May 28th. Cormark raised its target price for the Canadian Imperial Bank of Commerce from CAD 144.00 to CAD 147.00 and rated the company “na” in a research note on Monday, May 31st. Canaccord Genuity raised its target price for the Canadian Imperial Bank of Commerce from $ 138.00 to $ 149.00 and rated the company a “Buy” in a research note on Friday, May 28th. Finally, TD Securities raised its target price for the Canadian Imperial Bank of Commerce from CAD 145.00 to CAD 150.00 and gave the company a “Buy” rating in a research note on Friday, May 28th. One stock research analyst has given the stock a hold rating and ten a buy rating. The company currently has a consensus rating of “Buy” and an average price target of $ 152.62.
A popular Seattle cannabis maker is now partnering with other companies to create a new line of cannabis-infused beverages. It’s the perfect timing. A new report shows that cannabis beverage sales will reach $ 2.8 billion by 2025, an annual growth rate of 17.8%. A huge opportunity!
Canadian Imperial Bank of Commerce stock opened Wednesday at $ 145.89. The company’s 50-day moving average price is $ 132.98. The Canadian Imperial Bank of Commerce has a 12-month low of $ 89.42 and a 12-month high of $ 146.07. The company has a market capitalization of $ 65.52 billion and a price / earnings ratio of 12.30. The Canadian Imperial Bank of Commerce (TSE: CM) (NYSE: CM) last announced its quarterly results on Thursday, May 27th. The company reported $ 3.59 EPS for the quarter, beating analysts’ consensus estimate of $ 2.82 by $ 0.77. The company posted revenue of $ 4.93 billion for the quarter, compared to the consensus estimate of $ 4.72 billion.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 28th. Shareholders of record on Monday June 28th will receive a dividend of $ 1.46 per share. The ex-dividend date is Friday June 25th. This equates to an annualized dividend of $ 5.84 and a yield of 4.00%. The Canadian Imperial Bank of Commerce’s payout ratio is currently 49.22%.
In other news from the Canadian Imperial Bank of Commerce, Senior Officer Christina Charlotte Kramer sold 18,727 shares in the company in a transaction on Friday, June 11. The stock was sold at an average price of $ 144.86 for a total transaction of $ 2,712,793.22. Following the transaction, the insider now directly owns 8,465 shares in the company valued at approximately C $ 1,226,239.90. In addition, Director Michael Capatides sold 54,243 shares in the company in one transaction on Monday May 31st. The stock was sold at an average price of C $ 142.64 for a total value of C $ 7,737,221.52. Following the transaction, the director now owns 13,599 shares in the company valued at C $ 1,939,761.36. Insiders have sold a total of 110,470 shares in the company for $ 15,881,990 in the past 90 days.
Via the Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce, a diversified financial institution, provides a variety of financial products and services to retail, business, public and institutional clients in Canada, the United States and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US
Further reading: Why would analysts give stocks a buy rating?
This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
Sponsored Article: Duplicate Listing What You Need To Know
7 stocks that can help you capitalize on the summer scarcity
One of the lingering effects of the Covid-19 pandemic is the supply chain disruptions that continue to weigh on many sectors. By now, every investor is aware of the global chip scarcity that is disrupting many sectors that are forecast to see strong growth in 2021.
But there are many more sectors that are affected by supply chain disruptions. And this applies to everything from large items like cars to everyday items like pet food and even bacon.
This special presentation focuses on seven companies that are benefiting from the current disruption in the supply chain. All of these companies grew strongly in 2020. Some of them weakened in 2021, but that was before the full extent of the supply chain weakness was discovered.
As the economy reopens, the shortage of items is likely to continue and become much more evident. If so, many of these stocks can become overpriced. Because of this, now is the time to get into these stocks that can help shape the supply chain in your favor.
Check out the “7 Stocks That Can Help You Tackle the Summer Scarcity”.