Commerce Bancshares Price Target Increased to $45.00 by Analysts at Jefferies Group (CBSH)
Research analysts at Jefferies Group raised their price target on shares of Commerce Bancshares (NASDAQ:CBSH) from $44.00 to $45.00 in a report released on Friday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 2.15% from the company’s current price.
A number of other firms have also recently commented on CBSH. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Commerce Bancshares from $42.00 to $43.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Commerce Bancshares in a research note to investors on Monday, August 26th. They now have a $47.50 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.36.
Shares of Commerce Bancshares (NASDAQ:CBSH) traded up 0.22% during mid-day trading on Friday, hitting $45.99. 2,353,579 shares of the company’s stock traded hands. Commerce Bancshares has a 1-year low of $34.69 and a 1-year high of $47.53. The stock has a 50-day moving average of $43.57 and a 200-day moving average of $43.30. The company has a market cap of $4.171 billion and a P/E ratio of 16.22.
Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Tuesday, October 15th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. During the same quarter in the previous year, the company posted $0.71 earnings per share. Analysts expect that Commerce Bancshares will post $2.89 EPS for the current fiscal year.
Commerce Bancshares, Inc is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (NASDAQ:CBSH).
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