U.S. Bancorp Given “Positive” Rating at TheStreet (USB)
U.S. Bancorp (NYSE:USB)‘s stock had its “positive” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports.
The analysts wrote, “U.S. Bancorp (USB) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
USB has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of U.S. Bancorp in a research note to investors on Tuesday. They set a “buy” rating and a $39.50 price target on the stock. Separately, analysts at Guggenheim cut their price target on shares of U.S. Bancorp from $41.00 to $38.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of U.S. Bancorp from $37.50 to $39.50 in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.24.
U.S. Bancorp (NYSE:USB) traded down 0.22% on Tuesday, hitting $36.05. The stock had a trading volume of 4,319,271 shares. U.S. Bancorp has a 1-year low of $30.96 and a 1-year high of $38.23. The stock’s 50-day moving average is $36.76 and its 200-day moving average is $35.62. The company has a market cap of $66.306 billion and a price-to-earnings ratio of 12.25.
U.S. Bancorp (NYSE:USB) last announced its earnings results 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, September 26th.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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