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Imperial Canadian Bank of Commerce (CM.TO) (TSE: CM) Given consensus recommendation “Buy” by brokerages

According to MarketBeat.com, stocks in the Canadian Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) received an average rating of “Buy” from the ten brokers that currently cover the company. Four research analysts have given the share a buy recommendation. The average 12-month target price among analysts who released a report on the stock last year is $ 119.50.

A number of stock analysts recently released reports on the stock. TD Securities downgraded the shares of the Canadian Imperial Bank of Commerce (CM.TO) from an “Action List Buy” rating to a “Buy” rating and increased their price target on the stock from 120 in a report on Monday, November C $ .00 to C $ 125.00. BMO Capital Markets raised its target price for the Canadian Imperial Bank of Commerce (CM.TO) from C $ 118.00 in a research note on Friday, December 4th Raised C $ 124.00. Fundamental Research raised its price target for the Canadian Imperial Bank of Commerce (CM.TO) from C $ 108.25 to C $ 117.46 and rated the share as “Buy” in a research note on Tuesday, December 8th. National Bank Financial raised its target price on shares of the Canadian Imperial Bank of Commerce (CM.TO) from C $ 124.00 to C $ 126.00 and rated the company in a research report on Friday, February 19, with “na”. Finally, the Royal Bank of Canada upgraded the shares of the Canadian Imperial Bank of Commerce (CM.TO) from a “Sector Perform” rating to an “Outperform” rating and raised its price target for the company from 110.00 in a research report C $ to C $ 130.00 on Monday December 7th.

TSE CM shares opened at $ 117.84 on Thursday. The company has a market capitalization of $ 52.68 billion and a value for money of 14.34. The stock has a 50-day moving average price of $ 112.58 and a two-hundred-day moving average price of $ 106.41. The Canadian Imperial Bank of Commerce has a 12-month low of $ 67.52 and a 12-month high of $ 118.10.

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The Canadian Imperial Bank of Commerce (CM.TO) (TSE: CM) (NYSE: CM) last released its quarterly earnings data on Thursday, December 3rd. The company reported earnings per share for the quarter of $ 2.79, beating the consensus estimate of $ 2.48 by $ 0.31. The company posted revenue of $ 4.60 billion for the quarter, compared to analyst expectations of $ 4.66 billion. As a group, equity analysts predict that the Canadian Imperial Bank of Commerce will post an EPS of 11,8500002 for the current year.

The company recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. A dividend of $ 1.46 will be paid to shareholders of record on Monday March 29th. This equates to a dividend of $ 5.84 on an annual basis and a yield of 4.96%. The payout ratio (DPR) of the Canadian Imperial Bank of Commerce (CM.TO) is 70.80%.

About the Canadian Imperial Bank of Commerce (CM.TO)

The Canadian Imperial Bank of Commerce, a diversified financial institution, offers a variety of financial products and services to retail, business, public, and institutional clients in Canada, the United States, and internationally. The company operates in four strategic businesses: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; US

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7 hotel stocks just waiting for the vaccine

Like any group of travel and tourism-related stocks, hotel stocks saw a sharp drop in share prices in 2020. The leisure and hospitality sector, which once employed 15 million people, has lost 4 million jobs since February.

Many large cities will feel the effects of the Covid-19 pandemic for years. However, there is ample evidence that the pandemic may be coming to an end. The number of new cases is falling. The number of people vaccinated is increasing. And even in the cities with the most restrictive mitigation measures, the slow process of reopening begins.

All of this cannot come quickly enough for people who rely on the travel and tourism industries for a living. Hotel chains had at least some revenue in the door. And when the winning season ends, the more budget-friendly hotel chains can see revenue that is 75% of the 2019 numbers. However, this is not enough to make the hotels almost full. Especially in hotels with bars and restaurants that are closed or have stayed open with limited capacity.

Many economists are optimistic that traveling could look more normal from this summer onwards. And the world economy could achieve 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the widest footprint will be in the best position to reopen the economy.

Check out the “7 Hotel Stocks Just Waiting For The Vaccine”.

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