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

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) – Stock analysts at Desjardins issued their Q1 2020 EPS estimates for shares of Canadian Imperial Bank of Commerce in a research note issued to investors on Thursday, December 5th. Desjardins analyst D. Young anticipates that the bank will earn $2.27 per share for the quarter.

CM has been the subject of several other reports. Canaccord Genuity reduced their price objective on Canadian Imperial Bank of Commerce from $112.50 to $108.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Credit Suisse Group reduced their price objective on Canadian Imperial Bank of Commerce from $105.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, December 6th. ValuEngine downgraded Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Monday, November 25th. Scotiabank reissued a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $124.00 target price (down from $128.00) on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $113.67.

CM opened at $82.36 on Monday. The business has a 50 day moving average price of $85.99 and a two-hundred day moving average price of $80.67. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The company has a market cap of $36.94 billion, a PE ratio of 9.18, a P/E/G ratio of 1.80 and a beta of 1.17. Canadian Imperial Bank of Commerce has a 52 week low of $72.96 and a 52 week high of $87.62.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its quarterly earnings data on Thursday, December 5th. The bank reported $2.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.52. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.76 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.57% and a net margin of 17.72%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.00 EPS.

Hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in shares of Canadian Imperial Bank of Commerce by 78.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 451 shares of the bank’s stock worth $37,000 after buying an additional 198 shares in the last quarter. Private Capital Group LLC raised its stake in shares of Canadian Imperial Bank of Commerce by 116.9% during the 2nd quarter. Private Capital Group LLC now owns 616 shares of the bank’s stock worth $54,000 after buying an additional 332 shares in the last quarter. Liberty Wealth Management LLC raised its stake in shares of Canadian Imperial Bank of Commerce by 50.9% during the 3rd quarter. Liberty Wealth Management LLC now owns 637 shares of the bank’s stock worth $53,000 after buying an additional 215 shares in the last quarter. CWM LLC raised its stake in shares of Canadian Imperial Bank of Commerce by 86.7% during the 2nd quarter. CWM LLC now owns 758 shares of the bank’s stock worth $60,000 after buying an additional 352 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in Canadian Imperial Bank of Commerce by 34.1% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,054 shares of the bank’s stock valued at $87,000 after purchasing an additional 268 shares in the last quarter. 44.31% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Friday, December 27th will be paid a dividend of $1.0908 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, December 26th. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is 48.27%.

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 (NYSE:CM)

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