For its first fiscal quarter (ending March 31), Commerce Bancshares Inc (NASDAQ: CBSH) has reported E.P.S. of $0.87 compared to $0.95 a year ago. For the latest four quarters through March 31, E.P.S. were $3.61 compared to $3.89 a year ago.
Recent Price Action
Commerce Bancshares Inc (NASDAQ: CBSH) stock closed at $52.01 on 4/16/24 after an increase of 1.5%. Moreover, unusually high trading volume at 185% of normal accompanied the advance. The stock has declined -3.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CBSH is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Commerce Bancshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Commerce Bancshares has a neutral Appreciation Score of 51 but a good Power Rating of 74, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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