Stock To Watch: Commerce Bancshares, Inc. (NASDAQ:CBSH)


The leading market experts have placed a mean price target of $45.63 on Commerce Bancshares, Inc. (NASDAQ:CBSH) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.69 a share for the upcoming quarter and $2.74 for the current fiscal. Technical View The technical analysis of Commerce Bancshares, Inc. plainly substantiates that the 50-day moving average of Commerce Bancshares, Inc. is $47.77, and stock is hovering -1.65 or -3.46% distant from $47.77. It is noted that the 200-day MA is $44.53, and Commerce Bancshares, Inc. stock is $1.59 or +3.58% off from this point. Commerce Bancshares, Inc. (NASDAQ:CBSH) 52-week high is $49.41 and the 52-week low is $37.44. This explains if the stock moves $-3.29, it will post a 52-week high. In event of $+23.18% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Commerce Bancshares, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Commerce Bancshares, Inc. (NASDAQ:CBSH) ratio came in at 17.54. The stock last ended the trading session at $46.12 and registered a market cap of $4.45B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Commerce Bancshares, Inc. (NASDAQ:CBSH) PEG ratio is at 2.61.

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