Morgan Stanley raised the price target for the Commerce Bancshares Inc. (NASDAQ:CBSH) stock to “an Equal-weight”. The rating was released on December 05, 2022, according to finviz. We previously noted in another research note published on March 21, 2022 by Wells Fargo that upgraded the stock from an Underweight to an Equal weight with a price target of $70 for CBSH stock. The research report from BofA Securities has downgraded the stock from Neutral to Underperform, with a price target set at $78.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Commerce Bancshares Inc. (NASDAQ:CBSH) raised 2.33% to close Thursday’s market session at $60.62, higher as compared to yesterday’s close. The stock price fluctuated between $57.96 and $62.02 throughout the trading session with the volume trading being 838566 shares, which represented a significant variation when compared to the three months average volume of 448.66K shares. The firm’s stock price fluctuated -1.62% within the last five trades and -8.75% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -9.46% in the last 6 months and -9.31% was subtracted to its value over the previous 3 months. CBSH stock is trading at a margin of -5.88%, -8.21% and -8.39% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, CBSH deals in the Financial domain. The stock is trading -16.50 percent below its 52-week high and 8.57 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -13.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Commerce Bancshares Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 91.50 percent and the profit margin is 48.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.69 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Commerce Bancshares Inc. (NASDAQ:CBSH) is 15.92. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.95. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.69 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.21, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.20 percent of Commerce Bancshares Inc. shares are owned by insiders, and 73.60 percent are held by financial institutions. Neff Douglas D, the Senior Vice President at Commerce Bancshares Inc. (CBSH) has sold 856 shares of firm on Mar 02 at a price of $64.92 against the total amount of $55574.0. In another inside trade, Brooks Derrick, Senior Vice President of Commerce Bancshares Inc. (NASDAQ:CBSH) sold 230 shares of the firm on Mar 02 for a total worth of $15041.0 at a price of $65.40. An inside trade which took place on Feb 07, Director of Commerce Bancshares Inc. KEMPER DAVID W sold 18,422 shares of firm against total price of $1.24 million at the cost of $67.43 per share.