On 11/6/24, Commerce Bancshares Inc (NASDAQ: CBSH) stock enjoyed a major increase of 10.5%, closing at $69.96. Moreover, trading volume in this advance was exceptionally high at 222% of normal. Relative to the market the stock has been strong over the last nine months and has risen 12.0% during the last week.
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 47 but a good Power Rating of 74, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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