A share price of Commerce Bancshares, Inc [CBSH] is currently trading at $69.96, up 10.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CBSH shares have gain 10.03% over the last week, with a monthly amount glided 21.14%, 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 experienced fluctuations in its stock price throughout the past year between $42.48 and $65.86. 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 $69.96 at the most recent close of the market. An investor can expect a potential drop of -9.81% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
Trailing Twelve Months sales for Commerce Bancshares, Inc [NASDAQ:CBSH] were 1.88B which represents 6.52% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
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 66.61 points at the first support level, and at 63.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.67, and for the 2nd resistance point, it is at 73.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Commerce Bancshares, Inc [NASDAQ:CBSH] is 0.38. Considering the valuation of this stock, the price to sales ratio is 4.79, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 18.20.
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.
