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Jefferies Stick to Their Hold Rating for Commerce Bancshares Inc

Published 05/07/2021, 05:06 AM
Updated 05/07/2021, 05:06 AM


Jefferies (NYSE:JEF) analyst Casey Haire maintained a Hold rating on Commerce Bancshares (NASDAQ:CBSH) Inc on Friday, setting a price target of $83, which is approximately 2.79% above the present share price of $80.75.

Haire expects Commerce Bancshares Inc to post earnings per share (EPS) of $0.00 for the second quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Moderate Sell rating of shares in Commerce Bancshares, with an average price target of $76.
The analysts price targets range from a high of $83 to a low of $67.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $351.65 million and a net profit of $0. The company's market cap is $9.45 billion.

According to TipRanks.com, Jefferies analyst Casey Haire is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.5% and a 70.27% success rate.

Commerce Bancshares, Inc. operates as a bank holding company. Its provides electronic banking, deposit accounts, loans and credit lines, and mortgage loans. The company was founded in February 1968 and is headquartered in Nolensville, TN.

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