Q1 2019 EPS Estimates for Canadian Imperial Bank of Commerce Lifted by Cormark (CM)

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Investment analysts at Cormark increased their Q1 2019 earnings per share estimates for Canadian Imperial Bank of Commerce in a research note issued on Friday, November 30th. Cormark analyst M. Grauman now anticipates that the company will post earnings per share of $3.15 for the quarter, up from their previous estimate of $3.12. Cormark also issued estimates for Canadian Imperial Bank of Commerce’s Q2 2019 earnings at $3.13 EPS, Q3 2019 earnings at $3.22 EPS, Q4 2019 earnings at $3.34 EPS, Q1 2020 earnings at $3.31 EPS, Q2 2020 earnings at $3.27 EPS, Q3 2020 earnings at $3.35 EPS, Q4 2020 earnings at $3.34 EPS and FY2020 earnings at $13.27 EPS.

Other equities analysts have also issued reports about the stock. Barclays cut their price objective on shares of Canadian Imperial Bank of Commerce from C$130.00 to C$127.00 in a research report on Friday, November 30th. BMO Capital Markets cut their price objective on shares of Canadian Imperial Bank of Commerce from C$135.00 to C$130.00 in a research report on Friday, November 30th. Eight Capital cut their price objective on shares of Canadian Imperial Bank of Commerce from C$132.00 to C$131.00 in a research report on Friday, November 30th. National Bank Financial cut their price objective on shares of Canadian Imperial Bank of Commerce from C$127.00 to C$122.00 and set a “sector perform” rating for the company in a research report on Friday, November 30th. Finally, TD Securities raised their price objective on shares of Canadian Imperial Bank of Commerce from C$140.00 to C$145.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Canadian Imperial Bank of Commerce currently has an average rating of “Buy” and a consensus price target of C$130.82.

Shares of TSE:CM opened at C$109.59 on Monday. Canadian Imperial Bank of Commerce has a twelve month low of C$109.38 and a twelve month high of C$125.21.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Friday, December 28th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Thursday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 45.67%.

In related news, Director Victor George Dodig sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of C$122.91, for a total value of C$1,966,560.00. Also, insider John Hountalas sold 9,033 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of C$124.55, for a total transaction of C$1,125,060.15.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, 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.

Recommended Story: What is a Futures Contract?

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

Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit