Commerce Bancshares, Inc. [CBSH] stock is trading at $63.73, up 2.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CBSH shares have gain 4.72% over the last week, with a monthly amount glided 3.66%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Commerce Bancshares, Inc. [NASDAQ: CBSH] stock has seen the most recent analyst activity on April 17, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $61 for it. Previously, BofA Securities started tracking the stock with Neutral rating on January 11, 2024, and set its price target to $55. On September 27, 2023, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $49 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $48 on May 16, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $74 as its price target on December 05, 2022. Wells Fargo upgraded its rating to Equal Weight for this stock on March 21, 2022, and upped its price target to $70. In a note dated April 16, 2021, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $78.
Commerce Bancshares, Inc. [CBSH] stock has fluctuated between $40.91 and $65.86 over the past year. Currently, Wall Street analysts expect the stock to reach $60.2 within the next 12 months. Commerce Bancshares, Inc. [NASDAQ: CBSH] shares were valued at $63.73 at the most recent close of the market. An investor can expect a potential drop of -5.54% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
Commerce Bancshares, Inc. [NASDAQ:CBSH] reported sales of 1.85B for the trailing twelve months, which represents a drop of -30.50%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.17 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.83 points at the first support level, and at 61.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.24, and for the 2nd resistance point, it is at 64.76.
Ratios To Look Out For
For context, Commerce Bancshares, Inc.’s Current Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 4.44, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 17.26.
Transactions by insiders
Recent insider trading involved Kellerhals Patricia R, Senior Vice President, that happened on Sep 16 ’24 when 2000.0 shares were sold. Officer, Kellerhals Patricia R completed a deal on Sep 16 ’24 to buy 2000.0 shares. Meanwhile, Executive Vice President Handy John K sold 1331.0 shares on Sep 04 ’24.
