Commerce Bancshares, Inc. [CBSH] stock is trading at $63.58, up 1.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The CBSH shares have gain 2.71% over the last week, with a monthly amount glided 10.71%, 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 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.
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 $63.1 within the next 12 months. Commerce Bancshares, Inc. [NASDAQ: CBSH] shares were valued at $63.58 at the most recent close of the market. An investor can expect a potential drop of -0.75% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
Commerce Bancshares, Inc. [NASDAQ:CBSH] reported sales of 1.88B for the trailing twelve months, which represents a growth of 6.52%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.16 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 0.64.
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 62.54 points at the first support level, and at 61.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.28, and for the 2nd resistance point, it is at 64.98.
Ratios To Look Out For
For context, Commerce Bancshares, Inc.’s Current Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 4.36, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 16.54.
Transactions by insiders
Recent insider trading involved KEMPER DAVID W, Executive Chairman, that happened on Oct 22 ’24 when 30000.0 shares were sold. Insider, KEMPER DAVID W completed a deal on Oct 22 ’24 to buy 30000.0 shares. Meanwhile, Senior Vice President Kellerhals Patricia R sold 2000.0 shares on Sep 16 ’24.
