Currently, Commerce Bancshares, Inc [CBSH] is trading at $71.94, up 3.59%. 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 15.10% over the last week, with a monthly amount glided 20.10%, 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.
This stock has fluctuated between a low of $42.48 and a high of $70.02 over the last 52 weeks. 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 $71.94 at the most recent close of the market. An investor can expect a potential drop of -12.29% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
Trailing Twelve Months sales for Commerce Bancshares, Inc [NASDAQ:CBSH] were 1.87B which represents 5.07% 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. 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 70.15 points at the first support level, and at 68.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.23, and for the 2nd resistance point, it is at 74.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Commerce Bancshares, Inc [NASDAQ:CBSH] is 0.39. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 2.70 and price to earnings (TTM) ratio is 18.72.
Transactions by insiders
Recent insider trading involved Kellerhals Patricia R, Officer, that happened on Nov 07 ’24 when 1000.0 shares were purchased. Executive Chairman, KEMPER DAVID W completed a deal on Oct 22 ’24 to sell 30000.0 shares. Meanwhile, Insider KEMPER DAVID W bought 30000.0 shares on Oct 22 ’24.
