U.S. Bancorp (NYSE:USB) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $63.00 target price on the financial services provider’s stock, up from their prior target price of $60.00. Deutsche Bank’s price target points to a potential upside of 8.42% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Oppenheimer reiterated a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday, January 17th. Bank of America cut U.S. Bancorp from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $56.00 to $54.00 in a research note on Monday, October 2nd. Barclays upped their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Morgan Stanley upped their price target on U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.00.
Shares of U.S. Bancorp (USB) traded up $0.13 during midday trading on Thursday, reaching $58.11. The company’s stock had a trading volume of 5,930,564 shares, compared to its average volume of 6,180,239. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a one year low of $49.53 and a one year high of $58.16. The stock has a market capitalization of $96,014.88, a PE ratio of 16.51, a P/E/G ratio of 1.93 and a beta of 0.85.
U.S. Bancorp (NYSE:USB) last issued 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 return on equity of 13.89% and a net margin of 25.91%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. equities analysts predict that U.S. Bancorp will post 4 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Stelac Advisory Services LLC acquired a new position in U.S. Bancorp during the second quarter worth $103,000. Phocas Financial Corp. acquired a new position in U.S. Bancorp during the second quarter worth $109,000. Horan Capital Advisors LLC. acquired a new position in U.S. Bancorp during the third quarter worth $112,000. Cerebellum GP LLC acquired a new position in U.S. Bancorp during the fourth quarter worth $123,000. Finally, Pathstone Family Office LLC grew its holdings in U.S. Bancorp by 13.2% during the second quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 386 shares during the period. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
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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.