U.S. Bancorp PT Raised to $39.00 at Sanford C. Bernstein (USB)
Equities research analysts at Sanford C. Bernstein upped their target price on shares of U.S. Bancorp (NYSE:USB) from $38.00 to $39.00 in a research note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 3.50% from the stock’s previous close.
Shares of U.S. Bancorp (NYSE:USB) traded up 1.18% on Thursday, hitting $37.68. The stock had a trading volume of 10,779,724 shares. U.S. Bancorp has a 1-year low of $30.96 and a 1-year high of $38.23. The stock has a 50-day moving average of $36.73 and a 200-day moving average of $35.74. The company has a market cap of $69.304 billion and a P/E ratio of 12.62.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 5.6% 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 analysts have also recently weighed in on USB. Analysts at Compass Point raised their price target on shares of U.S. Bancorp from $36.00 to $37.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet reiterated a “positive” rating on shares of U.S. Bancorp in a research note to investors on Tuesday, October 8th. Finally, analysts at ISI Group initiated coverage on shares of U.S. Bancorp in a research note to investors on Tuesday, October 8th. They set a “buy” rating and a $39.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $38.54.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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