Commerce Bancshares, Inc [CBSH] stock prices are up 1.34% to $64.31 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 3.09% over the last week, with a monthly amount drifted -4.95%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Commerce Bancshares, Inc [NASDAQ: CBSH] stock has seen the most recent analyst activity on December 19, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Morgan Stanley downgraded its rating to Equal-Weight on September 30, 2024, and dropped its price target to $64. On April 17, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $61 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $55 on January 11, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $49 on September 27, 2023. Morgan Stanley downgraded its rating to Underweight for this stock on May 16, 2023, and downed its price target to $48. In a note dated December 05, 2022, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $74 on this stock.
The stock price of Commerce Bancshares, Inc [CBSH] has been fluctuating between $47.09 and $72.75 over the past year. Currently, Wall Street analysts expect the stock to reach $67.25 within the next 12 months. Commerce Bancshares, Inc [NASDAQ: CBSH] shares were valued at $64.31 at the most recent close of the market. An investor can expect a potential return of 4.57% based on the average CBSH price forecast.
Analyzing the CBSH fundamentals
The Commerce Bancshares, Inc [NASDAQ:CBSH] reported sales of 1.87B for trailing twelve months, representing a surge of 5.07%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.12%, 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 of0.0.
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 63.42 points at the first support level, and at 62.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.36, and for the 2nd resistance point, it is at 66.40.
Ratios To Look Out For
It’s worth pointing out that Commerce Bancshares, Inc [NASDAQ:CBSH]’s Current Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 4.62, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 17.57.
Transactions by insiders
Recent insider trading involved BARTH KEVIN G, Executive Vice President, that happened on Dec 17 ’24 when 1582.0 shares were sold. Senior Vice President, Kellerhals Patricia R completed a deal on Dec 16 ’24 to sell 1000.0 shares. Meanwhile, Officer BARTH KEVIN G bought 1582.0 shares on Dec 17 ’24.
