StockNews.com upgraded shares of U.S. Bancorp (NYSE:USB – Free Report) from a sell rating to a hold rating in a report published on Friday morning.
A number of other research firms have also recently issued reports on USB. Oppenheimer lowered their price objective on U.S. Bancorp from $55.00 to $54.00 and set an outperform rating on the stock in a research report on Thursday, April 18th. HSBC raised U.S. Bancorp from a hold rating to a buy rating and increased their target price for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. DA Davidson decreased their price target on U.S. Bancorp from $45.00 to $44.00 and set a neutral rating on the stock in a research note on Thursday, April 18th. Jefferies Financial Group lifted their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the company a hold rating in a report on Monday, April 8th. Finally, UBS Group reduced their price target on shares of U.S. Bancorp from $47.00 to $43.00 and set a neutral rating on the stock in a research report on Friday, April 19th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $46.02.
Read Our Latest Report on U.S. Bancorp
U.S. Bancorp Stock Down 1.1 %
USB opened at $38.83 on Friday. U.S. Bancorp has a 1-year low of $30.47 and a 1-year high of $45.85. The business has a 50 day moving average of $40.73 and a 200-day moving average of $41.66. The stock has a market capitalization of $60.59 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 3.78 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07.
U.S. Bancorp (NYSE:USB – Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business posted $1.16 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that U.S. Bancorp will post 3.84 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. CGC Financial Services LLC acquired a new position in U.S. Bancorp in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $26,000. Planned Solutions Inc. acquired a new position in shares of U.S. Bancorp in the 4th quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. bought a new position in shares of U.S. Bancorp in the 1st quarter worth $30,000. Finally, LRI Investments LLC acquired a new stake in shares of U.S. Bancorp during the first quarter worth $31,000. Institutional investors own 77.60% of the company’s stock.
About U.S. Bancorp
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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Source: defenseworld.net
