Stock Rating Upgrade
The Value Trend Rating for Commerce Bancshares Inc (NASDAQ: CBSH) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Commerce Bancshares Inc (NASDAQ: CBSH) stock enjoyed a large increase of 2.0% on 4/8/24. The stock closed at $54.00. Moreover, trading volume in this advance was unusually high at 198% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CBSH is expected to continue to be an important Value Builder.
Commerce Bancshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 76, and the Positive Value Trend Rating results.
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