U.S. Bancorp Given Average Recommendation of “Hold” by Brokerages (NYSE:USB)
Shares of U.S. Bancorp (NYSE:USB) have earned an average rating of “Hold” from the twenty-seven analysts that are covering the company, Stock Ratings Network.com reports. Eighteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $43.83.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday. They now have a $44.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday. They now have a $44.50 price target on the stock, up previously from $44.00. Finally, analysts at S&P Equity Research reiterated a “buy” rating on shares of U.S. Bancorp in a research note on Thursday, July 17th.
Shares of U.S. Bancorp (NYSE:USB) traded down 0.64% during mid-day trading on Friday, hitting $41.97. 1,264,561 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 $41.91 and a 200-day moving average of $41.90. The company has a market cap of $75.627 billion and a price-to-earnings ratio of 13.99.
U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, July 16th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter 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.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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