Commerce Bancshares Inc (NASDAQ: CBSH) has recently enjoyed extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, and positive upside/downside volume developed.
Important positive changes in fundamentals have recently occurred for Commerce Bancshares Inc (NASDAQ: CBSH): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CBSH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Commerce Bancshares has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Commerce Bancshares has a neutral Appreciation Score of 48 but a good Power Rating of 75, leading to the High Neutral Value Trend Rating.
Recent Price Action
Commerce Bancshares Inc (NASDAQ: CBSH) stock increased 1.4% on 4/19/24. The shares closed at $53.85. Moreover, this advance was accompanied by unusually high trading volume at 159% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.0% during the last week.
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