Commerce Bancshares, Inc. [CBSH] stock prices are up 1.36% to $61.11 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CBSH shares have gain 5.82% over the last week, with a monthly amount drifted -1.85%, and not 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 September 30, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $64 from $66. Previously, Raymond James upgraded its rating to Outperform on April 17, 2024, and kept the price target unchanged to $61. On January 11, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $55 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $49 on September 27, 2023. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $48 on May 16, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on December 05, 2022, and assigned it a price target of $74. In a note dated March 21, 2022, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $60 to $70.
The stock price of Commerce Bancshares, Inc. [CBSH] has been fluctuating 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 $61.11 at the most recent close of the market. An investor can expect a potential drop of -1.49% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
The Commerce Bancshares, Inc. [NASDAQ:CBSH] reported sales of 1.85B for trailing twelve months, representing 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
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 60.35 points at the first support level, and at 59.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.74, and for the 2nd resistance point, it is at 62.38.
Ratios To Look Out For
It’s worth pointing out that Commerce Bancshares, Inc. [NASDAQ:CBSH]’s Current Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 4.26, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 16.55.
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.
