U.S. Bancorp (USB) Receives $58.23 Consensus PT from Analysts

U.S. Bancorp (NYSE:USB) has earned a consensus recommendation of “Hold” from the twenty analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $58.23.

A number of brokerages have weighed in on USB. Zacks Investment Research cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, December 17th. Robert W. Baird cut shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, January 28th. Deutsche Bank cut shares of U.S. Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Citigroup cut shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd.

USB stock traded up $0.29 during midday trading on Wednesday, reaching $51.60. 7,596,733 shares of the company’s stock traded hands, compared to its average volume of 7,199,186. The stock has a market cap of $82.92 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.91. U.S. Bancorp has a fifty-two week low of $43.14 and a fifty-two week high of $56.10.

U.S. Bancorp (NYSE:USB) last announced its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.73 billion. U.S. Bancorp had a net margin of 27.53% and a return on equity of 15.64%. U.S. Bancorp’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 4.35 EPS for the current fiscal year.

In other news, Vice Chairman Leslie V. Godridge sold 14,737 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $51.50, for a total transaction of $758,955.50. Following the transaction, the insider now directly owns 61,737 shares of the company’s stock, valued at $3,179,455.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of USB. WESPAC Advisors SoCal LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $27,000. Executive Wealth Management LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $27,000. Gantzert Investment Co. LLC ADV bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $32,000. ERTS Wealth Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $36,000. Finally, Centerpoint Advisors LLC bought a new stake in shares of U.S. Bancorp in the fourth quarter worth $45,000. 74.84% of the stock is currently owned by institutional investors and hedge funds.

U.S. Bancorp Company Profile

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.

Further Reading: Momentum Indicator: Relative Strength Index

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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