Research Analysts’ Recent Ratings Changes for U.S. Bancorp (USB)

U.S. Bancorp (NYSE: USB) has recently received a number of price target changes and ratings updates:

  • 11/29/2018 – U.S. Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past six months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. Though escalating expenses due to its ongoing investments in technology and likely increase in legal expenses remain concerns, U.S. Bancorp remains well poised to grow through acquisitions.”
  • 11/26/2018 – U.S. Bancorp was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating. They now have a $63.00 price target on the stock, up previously from $54.16. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/26/2018 – U.S. Bancorp was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
  • 11/26/2018 – U.S. Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past six months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. Though escalating expenses due to its ongoing investments in technology and likely increase in legal expenses remain concerns, U.S. Bancorp remains well poised to grow through acquisitions.”
  • 11/19/2018 – U.S. Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past six months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. Third-quarter 2018 earnings reflect higher revenues, along with loan growth and reduced provisions. However, lower mortgage banking revenues and escalating expenses were major drags. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. Though escalating expenses due to its ongoing investments in technology and likely increase in legal expenses remain concerns, U.S. Bancorp remains well poised to grow through acquisitions.”
  • 11/17/2018 – U.S. Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past six months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in all the trailing four quarters. Third-quarter 2018 earnings reflect higher revenues, along with loan growth and reduced provisions. However, lower mortgage banking revenues and escalating expenses were major drags. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. Though escalating expenses due to its ongoing investments in technology and likely increase in legal expenses remain concerns, U.S. Bancorp remains well poised to grow through acquisitions.”
  • 11/2/2018 – U.S. Bancorp was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating.
  • 10/22/2018 – U.S. Bancorp was given a new $56.00 price target on by analysts at UBS Group AG. They now have a “hold” rating on the stock.
  • 10/18/2018 – U.S. Bancorp was upgraded by analysts at CIBC from a “market perform” rating to an “outperform” rating.
  • 10/18/2018 – U.S. Bancorp was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $62.00 price target on the stock.
  • 10/18/2018 – U.S. Bancorp was upgraded by analysts at UBS Group AG from a “market perform” rating to an “outperform” rating.
  • 10/18/2018 – U.S. Bancorp had its price target lowered by analysts at Nomura from $60.00 to $54.00. They now have a “neutral” rating on the stock.
  • 10/18/2018 – U.S. Bancorp was given a new $58.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 10/16/2018 – U.S. Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/12/2018 – U.S. Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Shares of U.S. Bancorp have outperformed the industry over the past three months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in three out of the trailing four quarters. U.S. Bancorp's prospects will likely get support from its solid business model, core franchise, lower tax rate, rising interest rate and diverse revenue streams. Also, its organic growth remains solid and will likely benefit from the improving economic scenario. However, escalating expenses due to its ongoing investments in technology remains a key concern. Also, involvement in legal hassles is likely to increase legal expenses and provisions in the near term. Nevertheless, U.S. Bancorp remains well poised to grow through acquisitions.”
  • 10/10/2018 – U.S. Bancorp was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $62.00 price target on the stock, up previously from $56.00.

Shares of USB stock opened at $54.40 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $88.01 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. U.S. Bancorp has a 1-year low of $48.49 and a 1-year high of $58.50.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. U.S. Bancorp had a return on equity of 15.14% and a net margin of 27.53%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. On average, sell-side analysts forecast that U.S. Bancorp will post 4.1 earnings per share for the current fiscal year.

In other news, Vice Chairman Gillern Jeffry H. Von sold 17,508 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $50.81, for a total transaction of $889,581.48. Following the completion of the transaction, the insider now directly owns 121,137 shares of the company’s stock, valued at approximately $6,154,970.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark G. Runkel sold 6,347 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $53.20, for a total value of $337,660.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,073 shares of company stock valued at $13,383,882. Corporate insiders own 0.43% of the company’s stock.

Several hedge funds have recently made changes to their positions in USB. Vectors Research Management LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth $101,000. Stelac Advisory Services LLC acquired a new stake in shares of U.S. Bancorp in the 3rd quarter worth $103,000. Integrated Investment Consultants LLC acquired a new stake in shares of U.S. Bancorp in the 2nd quarter worth $135,000. TLP Group LLC increased its stake in shares of U.S. Bancorp by 77.9% in the 3rd quarter. TLP Group LLC now owns 2,688 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Field & Main Bank increased its stake in shares of U.S. Bancorp by 49.9% in the 2nd quarter. Field & Main Bank now owns 3,004 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,000 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

U.S. Bancorp, a financial services holding company, provides various financial services in the United States. The company operates through five segments: Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support.

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