Morgan Stanley has recently reduced Commerce Bancshares, Inc. (CBSH) stock rating, as announced on September 30, 2024, according to Finviz. Earlier, on April 17, 2024, Raymond James had raised the stock from a Mkt Perform to Outperform, setting a price target of $61. BofA Securities also initiated Neutral rating with a price target of $55. Additionally, Morgan Stanley raised their rating on September 27, 2023, with a target price of $49. Morgan Stanley analysts, in their report published on May 16, 2023, also reduced their rating and set a price target of $50 for Commerce Bancshares, Inc.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Commerce Bancshares, Inc. (CBSH) Stock Trading Recap
On Tuesday, Commerce Bancshares, Inc. (CBSH) stock saw a decline, ending the day at $57.43 which represents a decrease of $-1.97 or -3.32% from the prior close of $59.4. The stock opened at $59.26 and touched a low of $57.3 during the day, reaching a high of $59.26. The volume of shares traded was 0.83 million exceeding the average volume of 0.61 million.
CBSH Stock Performance and Moving Averages
In recent trading, Commerce Bancshares, Inc. (CBSH) stock price has shown some volatility, fluctuating -5.43% over the last five trades and -10.21% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 10.44%, and it has gained 2.79% in the previous three months. Currently, CBSH is trading at -6.71%, -7.45%, and 2.62% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CBSH, a Financial sector stock, is trading -12.80% below its 52-week high but remains 40.37% above its 52-week low. The Average True Range (ATR) (14 days) of 1.32 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Commerce Bancshares, Inc.’s Profitability and Valuation Ratios
Commerce Bancshares, Inc.’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 33.92% and a profit margin of 25.84%, with a gross margin of 10.44%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Commerce Bancshares, Inc.’s market capitalization stands at $7.40 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.55, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.96. Additionally, the Price-to-Sales Ratio is 4.01, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.37, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.17% of Commerce Bancshares, Inc. (CBSH)’s shares, while financial institutions hold 70.95%.
Notable insider trades include Kellerhals Patricia R, Senior Vice President at Commerce Bancshares, Inc. (CBSH), who sold 2000 shares on Sep 16 ’24, at $62.23 each, totaling $0.12 million. On Jul 31 ’24, FOWLER JUNE MCALLISTER, Director, sold 1535 shares for $65.16 each, amounting to $0.10 million. Additionally, on Jul 30 ’24, Orf David L sold 2102 shares at $64.83 each, generating $0.14 million.
