Wells Fargo (NYSE:WFC) analyst Jared Shaw maintained a Sell rating on Commerce Bancshares (NASDAQ:CBSH) Inc on Thursday, setting a price target of $56, which is approximately 25.39% below the present share price of $75.06.
Shaw expects Commerce Bancshares Inc to post earnings per share (EPS) of $0.00 for the third 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 $8.78 billion.
According to TipRanks.com, Wells Fargo analyst Jared Shaw is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 55.88% 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.