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


The leading market experts have placed a mean price target of $46.50 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 $0.71 a share for the upcoming quarter and $2.77 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 $47.69, and stock is trading $1.04 points away or +2.17% from its 50-day moving average of $47.69. Further it is trading $2.69 or +5.85% away its 200-day moving average of $46.04. Commerce Bancshares, Inc. (NASDAQ:CBSH) 52-week high is $49.44 and the 52-week low is $37.44.

This explains if the stock moves $-0.71, it will post a 52-week high. In event of +30.15% 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 18.67.

The stock last ended the trading session at $48.73 and registered a market cap of $4.71B. 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 2.19.

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