U.S. Bancorp (NYSE:USB) had its target price lifted by analysts at Morgan Stanley from $60.00 to $61.00 in a research report issued on Friday. The firm presently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 5.79% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research report on Wednesday, January 17th. Barclays lifted their target price on U.S. Bancorp from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Vining Sparks reaffirmed a “hold” rating and issued a $61.00 price objective on shares of U.S. Bancorp in a research note on Thursday, January 25th. JPMorgan Chase & Co. cut U.S. Bancorp from a “neutral” rating to an “underweight” rating and set a $58.50 price objective for the company. in a research note on Wednesday. Finally, UBS Group cut U.S. Bancorp from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $57.81.
U.S. Bancorp (NYSE USB) traded up $0.20 during trading hours on Friday, reaching $57.66. The company’s stock had a trading volume of 752,940 shares, compared to its average volume of 6,529,651. U.S. Bancorp has a 12 month low of $49.53 and a 12 month high of $58.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market capitalization of $94,623.84 and a P/E ratio of 16.38.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stelac Advisory Services LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at approximately $103,000. Horan Capital Advisors LLC. purchased a new stake in U.S. Bancorp during the 3rd quarter valued at approximately $112,000. Phocas Financial Corp. purchased a new stake in U.S. Bancorp during the 2nd quarter valued at approximately $109,000. Hemenway Trust Co LLC purchased a new stake in U.S. Bancorp during the 4th quarter valued at approximately $109,000. Finally, SRS Capital Advisors Inc. purchased a new stake in U.S. Bancorp during the 4th quarter valued at approximately $112,000. 74.08% of the stock is 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.
