UBS AG Increases U.S. Bancorp Price Target to $42.00 (USB)
Equities researchers at UBS AG boosted their price objective on shares of U.S. Bancorp (NYSE:USB) from $41.00 to $42.00 in a research report issued on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 13.91% from the stock’s previous close.
U.S. Bancorp (NYSE:USB) traded up 0.61% on Friday, hitting $37.095. 5,013,701 shares of the company’s stock traded hands. U.S. Bancorp has a 52 week low of $30.96 and a 52 week high of $37.97. The stock’s 50-day moving average is $36.95 and its 200-day moving average is $35.24. The company has a market cap of $68.228 billion and a P/E ratio of 12.50.
U.S. Bancorp (NYSE:USB) last released its earnings data on Wednesday, July 17th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.00 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.01 earnings per share for the current fiscal year.
A number of other firms have also recently commented on USB. Analysts at TheStreet reiterated a “buy” rating on shares of U.S. Bancorp (NYSE:USB) in a research note to investors on Friday, September 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp (NYSE:USB) in a research note to investors on Wednesday, September 4th. They now have a $38.00 price target on the stock.
One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus price target of $37.65.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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