U.S. Bancorp Given Consensus Recommendation of “Hold” by Brokerages (NYSE:USB)
Shares of U.S. Bancorp (NYSE:USB) have earned an average recommendation of “Hold” from the twenty-seven brokerages that are currently covering the company, Stock Ratings News reports. Sixteen analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $42.40.
In other U.S. Bancorp news, Chairman Terrance Dolan sold 15,000 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $40.76, for a total transaction of $611,400.00. Following the completion of the sale, the chairman now directly owns 27,571 shares of the company’s stock, valued at approximately $1,123,794. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
USB has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, April 17th. They now have a $42.00 price target on the stock. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, April 17th. They now have a $44.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of U.S. Bancorp from $45.00 to $47.00 in a research note on Tuesday, April 8th.
U.S. Bancorp (NYSE:USB) opened at 40.65 on Friday. U.S. Bancorp has a one year low of $32.53 and a one year high of $43.66. The stock’s 50-day moving average is $41.9 and its 200-day moving average is $39.99. The company has a market cap of $74.024 billion and a P/E ratio of 13.55.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.73. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.11 earnings per share for the current fiscal year.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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