Share on StockTwits

Equities researchers at Macquarie decreased their target price on shares of Commerce Bancshares (NASDAQ:CBSH) from $44.00 to $42.00 in a research report issued on Friday, Analyst Ratings.Net reports. Macquarie’s price objective would suggest a potential downside of 1.50% from the stock’s previous close.

A number of other firms have also recently commented on CBSH. Analysts at Bank of America reiterated a “neutral” rating on shares of Commerce Bancshares in a research note on Friday. They now have a $46.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Commerce Bancshares from $51.00 to $47.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.

Commerce Bancshares (NASDAQ:CBSH) traded down 1.00% on Friday, hitting $42.64. 620,554 shares of the company’s stock traded hands. Commerce Bancshares has a 52 week low of $36.6286 and a 52 week high of $47.45. The stock’s 50-day moving average is $45.20 and its 200-day moving average is $44.2. The company has a market cap of $4.087 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 (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.01. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, analysts predict that Commerce Bancshares will post $2.78 earnings per share 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).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.