U.S. Bancorp Receives “Buy” Rating from TheStreet (USB)
U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Sunday, Analyst Ratings Net 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 increase in stock price during the past year, good cash flow from operations, growth in earnings per share, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on USB. Analysts at Macquarie downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $42.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of U.S. Bancorp from $42.00 to $50.00 in a research note to investors on Friday, December 20th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $44.00 price target on the stock, up previously from $40.00. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.06.
U.S. Bancorp (NYSE:USB) opened at 40.06 on Friday. U.S. Bancorp has a one year low of $31.99 and a one year high of $40.83. The stock’s 50-day moving average is $39.44 and its 200-day moving average is $37.59. The company has a market cap of $73.162 billion and a P/E ratio of 13.43.
U.S. Bancorp (NYSE:USB) last announced its 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 last year, the company posted $0.74 earnings per share. U.S. Bancorp’s revenue was down 5.6% compared to the same quarter last year. Analysts expect that U.S. Bancorp will post $3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of 0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, December 27th.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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