Canadian Imperial Bank of Commerce (TSE:CM) Price Target Raised to C$104.00

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective hoisted by Cormark from C$99.00 to C$104.00 in a report issued on Friday,BayStreet.CA reports. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s FY2026 earnings at $8.65 EPS.

Several other research firms have also weighed in on CM. BMO Capital Markets raised their target price on Canadian Imperial Bank of Commerce from C$81.00 to C$99.00 in a report on Monday, November 18th. Canaccord Genuity Group upped their price objective on shares of Canadian Imperial Bank of Commerce from C$81.00 to C$92.00 in a report on Tuesday, November 19th. Barclays upped their price target on shares of Canadian Imperial Bank of Commerce from C$71.00 to C$77.00 and gave the company an “underweight” rating in a report on Friday, August 30th. Desjardins increased their target price on Canadian Imperial Bank of Commerce from C$77.00 to C$83.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Scotiabank raised their price target on shares of Canadian Imperial Bank of Commerce from C$108.00 to C$114.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.00.

Canadian Imperial Bank of Commerce Stock Performance

Canadian Imperial Bank of Commerce has a 12-month low of C$57.52 and a 12-month high of C$94.81. The company’s 50-day moving average price is C$87.10 and its two-hundred day moving average price is C$76.21. The firm has a market capitalization of C$89.16 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12.

Canadian Imperial Bank of Commerce Increases Dividend

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 given a dividend of $0.97 per share. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.90. This represents a $3.88 annualized dividend and a dividend yield of ∞. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 52.10%.

Insider Activity at Canadian Imperial Bank of Commerce

In other Canadian Imperial Bank of Commerce news, Director Harry Kenneth Culham sold 800 shares of Canadian Imperial Bank of Commerce stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$83.20, for a total value of C$66,560.00. Also, Senior Officer Shawn Beber sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$81.80, for a total value of C$817,960.00. Over the last quarter, insiders have sold 147,527 shares of company stock valued at $12,287,957. 0.02% of the stock is owned by insiders.

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 Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.