U.S. Bancorp (NYSE:USB) had its target price upped by equities research analysts at Barclays from $60.00 to $65.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays’ target price suggests a potential upside of 21.31% from the stock’s previous close.
A number of other research firms have also commented on USB. Citigroup restated a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a research report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and set a $62.00 price objective on shares of U.S. Bancorp in a report on Thursday, October 12th. Nomura downgraded shares of U.S. Bancorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $57.00 to $55.00 in a report on Thursday, September 28th. Zacks Investment Research raised shares of U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $56.00 to $54.00 in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and an average price target of $55.38.
U.S. Bancorp (NYSE USB) traded down $0.37 on Tuesday, hitting $53.58. 3,949,800 shares of the stock were exchanged, compared to its average volume of 6,002,035. The stock has a market cap of $88,915.53, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.09 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a 12-month low of $49.53 and a 12-month high of $56.61.
Institutional investors have recently bought and sold shares of the business. Norinchukin Bank The raised its stake in shares of U.S. Bancorp by 8.5% during the third quarter. Norinchukin Bank The now owns 38,609 shares of the financial services provider’s stock valued at $1,656,000 after acquiring an additional 3,017 shares during the last quarter. Gerstein Fisher raised its stake in shares of U.S. Bancorp by 23.3% during the third quarter. Gerstein Fisher now owns 12,827 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 2,425 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of U.S. Bancorp by 12.8% during the second quarter. NN Investment Partners Holdings N.V. now owns 1,440,460 shares of the financial services provider’s stock valued at $58,092,000 after acquiring an additional 163,847 shares during the last quarter. Shelton Capital Management raised its stake in shares of U.S. Bancorp by 51.2% during the first quarter. Shelton Capital Management now owns 133,200 shares of the financial services provider’s stock valued at $6,860,000 after acquiring an additional 45,116 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of U.S. Bancorp by 14.4% during the fourth quarter. Suntrust Banks Inc. now owns 382,846 shares of the financial services provider’s stock valued at $16,335,000 after acquiring an additional 48,268 shares during the last quarter. 73.95% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “U.S. Bancorp (USB) PT Raised to $65.00” was originally posted by American Market News and is the property of of American Market News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/02/u-s-bancorp-usb-pt-raised-to-65-00.html.
U.S. Bancorp Company Profile
U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.
