Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Sell rating on Commerce Bancshares (NASDAQ:CBSH) Inc on Thursday, setting a price target of $60, which is approximately 13.67% below the present share price of $69.5.
Zerbe expects Commerce Bancshares Inc to post earnings per share (EPS) of $1.07 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Sell rating of shares in Commerce Bancshares, with an average price target of $64.38.
The analysts price targets range from a high of $68.57 to a low of $60.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $361.69 million and a net profit of $0. The company's market cap is $7.69 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.3% and a 58.02% 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.