Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Commerce Bancshares Inc (NASDAQ: CBSH) improved during the last several trading days. CBSH’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Commerce Bancshares Inc (NASDAQ: CBSH) stock declined slightly by -0.07%, closing at $60.45. However, this decline was accompanied by unusually low trading volume at 52% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.8% 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 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 44 but a good Power Rating of 80, triggering the Positive Value Trend Rating.
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