Commerce Bancshares Inc (NASDAQ: CBSH). Extremely significant positive changes in fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings 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 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 45 but a good Power Rating of 80, leading to the High Neutral Value Trend Rating.
Recent Price Action
Commerce Bancshares Inc (NASDAQ: CBSH) stock closed at $59.28 on 8/5/24 after a decline of -2.8%. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -8.9% during the last week.
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