Canadian Imperial Bank of Comme with ticker code (CM) have now 2 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 47.63 and 33.46 calculating the mean target price we have $40.55. Given that the stocks previous close was at $42.30 this is indicating there is a potential downside of -4.1%. Also worth taking note is the 50 day moving average now sits at $44.09 and the 200 day MA is $45.61. The company has a market capitalization of $38,672m. You can visit the company’s website by visiting: https://www.cibc.com
The potential market cap would be $37,072m based on the market consensus.
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. Commercial Banking and Wealth Management; and Capital Markets. The company offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; investment and insurance services; and credit cards, as well as mobile, online, and overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and private wealth, and international banking services; foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
The company has a dividend yield of 5.91% with the ex dividend date set at 27-3-2023 (DMY).
Other points of data to note are a P/E ratio of 11.28, revenue per share of 23.2 and a 0.54% return on assets.
