U.S. Bancorp Given Neutral Rating at JPMorgan Chase & Co. (USB)
U.S. Bancorp (NYSE:USB)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a $44.50 price target on the stock, up from their previous price target of $44.00. JPMorgan Chase & Co.’s target price points to a potential upside of 5.68% from the company’s current price.
Shares of U.S. Bancorp (NYSE:USB) traded up 0.28% during mid-day trading on Thursday, hitting $42.24. 2,433,045 shares of the company’s stock traded hands. U.S. Bancorp has a 52-week low of $35.69 and a 52-week high of $43.92. The stock has a 50-day moving average of $41.92 and a 200-day moving average of $41.90. The company has a market cap of $76.113 billion and a P/E ratio of 13.95.
U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.01. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.10 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. They now have a $44.50 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th. They now have a $48.00 price target on the stock, up previously from $45.00. Eighteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.83.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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