U.S. Bancorp Receives Buy Rating from TheStreet (USB)
U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Tuesday, AmericanBankingNews.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 solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
In other U.S. Bancorp news, Chairman P.W. Parker sold 316,696 shares of U.S. Bancorp stock on the open market in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $40.56, for a total value of $12,845,189.76. Following the sale, the chairman now directly owns 129,037 shares in the company, valued at approximately $5,233,741. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
U.S. Bancorp (NYSE:USB) opened at 40.139 on Tuesday. U.S. Bancorp has a 52 week low of $31.99 and a 52 week high of $41.86. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $38.1. The company has a market cap of $73.306 billion and a P/E ratio of 13.48.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, January 22nd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.01. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts expect that U.S. Bancorp will post $3.00 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note to investors on Thursday, January 23rd. They now have a $43.50 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of U.S. Bancorp from $37.00 to $43.00 in a research note to investors on Thursday, January 23rd. They now have a “neutral” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.83.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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