Commerce Bancshares Receives “Neutral” Rating from Bank of America (CBSH)
Commerce Bancshares (NASDAQ:CBSH)‘s stock had its “neutral” rating reiterated by stock analysts at Bank of America in a report issued on Friday, AmericanBankingNews.com reports. They currently have a $46.00 target price on the stock. Bank of America’s price objective suggests a potential upside of 6.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Commerce Bancshares from $51.00 to $47.00 in a research note on Friday. Separately, analysts at UBS AG raised their price target on shares of Commerce Bancshares from $45.00 to $47.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Commerce Bancshares from $43.00 to $46.00 in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.43.
Commerce Bancshares (NASDAQ:CBSH) opened at 43.07 on Friday. Commerce Bancshares has a 52-week low of $36.6286 and a 52-week high of $47.45. The stock has a 50-day moving average of $45. and a 200-day moving average of $44.26. The company has a market cap of $4.128 billion and a P/E ratio of 15.85.
Commerce Bancshares (NASDAQ:CBSH) last announced its earnings results on Thursday, April 10th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.01. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that Commerce Bancshares will post $2.82 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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