U.S. Bancorp PT Raised to $39.50 (USB)
Stock analysts at JPMorgan Chase & Co. upped their price objective on shares of U.S. Bancorp (NYSE:USB) from $37.50 to $39.50 in a report issued on Wednesday, American Banking and Market News reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 4.39% from the company’s current price.
U.S. Bancorp (NYSE:USB) traded up 0.85% on Wednesday, hitting $37.84. The stock had a trading volume of 10,291,528 shares. U.S. Bancorp has a one year low of $30.96 and a one year high of $37.97. The stock has a 50-day moving average of $36.94 and a 200-day moving average of $35.34. The company has a market cap of $69.598 billion and a price-to-earnings ratio of 12.72.
U.S. Bancorp (NYSE:USB) last issued its quarterly 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 $3.02 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of U.S. Bancorp (NYSE:USB) from $37.00 to $40.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet reiterated a “positive” rating on shares of U.S. Bancorp (NYSE:USB) in a research note to investors on Tuesday. Finally, analysts at Credit Suisse raised their price target on shares of U.S. Bancorp (NYSE:USB) from $38.00 to $40.00 in a research note to investors on Friday, September 13th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.94.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.43%.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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