Royal Bank of Canada Raises U.S. Bancorp (USB) Price Target to $61.00
U.S. Bancorp (NYSE:USB) had its price target boosted by Royal Bank of Canada to $61.00 in a research note issued on Thursday, The Fly reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price indicates a potential upside of 8.52% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a report on Wednesday. Jefferies Group restated a “buy” rating and issued a $63.00 price objective on shares of U.S. Bancorp in a report on Monday, January 8th. Vining Sparks restated a “buy” rating and issued a $64.00 price objective on shares of U.S. Bancorp in a report on Monday, January 8th. Piper Jaffray Companies upgraded shares of U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 price objective on the stock in a report on Friday, January 5th. Finally, Barclays raised their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.56.
U.S. Bancorp (USB) traded down $0.13 during trading on Thursday, reaching $56.21. 2,279,735 shares of the company’s stock were exchanged, compared to its average volume of 6,845,264. The firm has a market cap of $94,010.00, a price-to-earnings ratio of 16.01, a PEG ratio of 1.94 and a beta of 0.85. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $57.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 0.83.
U.S. Bancorp (NYSE:USB) last announced its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was up 3.7% on a year-over-year basis. analysts predict that U.S. Bancorp will post 3.42 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Hudock Capital Group LLC raised its stake in U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares in the last quarter. BSW Wealth Partners grew its position in U.S. Bancorp by 0.6% during the 2nd quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 22 shares during the last quarter. D. Scott Neal Inc. grew its position in U.S. Bancorp by 0.5% during the 2nd quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 36 shares during the last quarter. Budros Ruhlin & Roe Inc. grew its position in U.S. Bancorp by 0.5% during the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 39 shares during the last quarter. Finally, Green Square Capital LLC grew its position in U.S. Bancorp by 0.4% during the 2nd quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.
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.
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