U.S. Bancorp (USB) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
U.S. Bancorp (NYSE:USB) released its earnings data on Wednesday. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.01, AnalystRatings.NET reports.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of U.S. Bancorp from $41.00 to $43.00 in a research note to investors on Wednesday, January 8th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Credit Suisse downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $44.00 price target on the stock, up previously from $40.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of U.S. Bancorp in a research note to investors on Sunday, January 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.48.
U.S. Bancorp (NYSE:USB) opened at 41.58 on Wednesday. U.S. Bancorp has a 1-year low of $31.99 and a 1-year high of $41.66. The stock has a 50-day moving average of $40.14 and a 200-day moving average of $38.01. The company has a market cap of $75.938 billion and a P/E ratio of 13.96. U.S. Bancorp also saw some unusual options trading on Tuesday. Stock traders bought 7,058 put options on the stock. This is an increase of 132% compared to the typical daily volume of 3,037 put options.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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