U.S. Bancorp (NYSE:USB) had its price objective raised by stock analysts at Royal Bank of Canada to $61.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price points to a potential upside of 8.04% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Oppenheimer reaffirmed a “hold” rating on shares of U.S. Bancorp in a research note on Wednesday. Jefferies Group reaffirmed a “buy” rating and set a $63.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Vining Sparks reaffirmed a “buy” rating and set a $64.00 target price on shares of U.S. Bancorp in a research note on Monday, January 8th. Piper Jaffray Companies raised U.S. Bancorp from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a research note on Friday, January 5th. Finally, Barclays increased their price target on U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.82.

U.S. Bancorp (USB) traded up $0.31 during midday trading on Thursday, reaching $56.46. The company had a trading volume of 10,317,508 shares, compared to its average volume of 5,800,000. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.69. The firm has a market capitalization of $93,690.00, a PE ratio of 16.09, a P/E/G ratio of 1.88 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.

U.S. Bancorp (NYSE:USB) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.88 EPS for the quarter, topping the 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 business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. sell-side analysts predict that U.S. Bancorp will post 3.99 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Hudock Capital Group LLC lifted its holdings in shares of U.S. Bancorp by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 17 shares in the last quarter. BSW Wealth Partners lifted its holdings in shares of U.S. Bancorp by 0.6% in the second quarter. BSW Wealth Partners now owns 3,995 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 22 shares in the last quarter. D. Scott Neal Inc. lifted its holdings in shares of U.S. Bancorp by 0.5% in the second quarter. D. Scott Neal Inc. now owns 7,524 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 36 shares in the last quarter. Budros Ruhlin & Roe Inc. lifted its holdings in shares of U.S. Bancorp by 0.5% in the second quarter. Budros Ruhlin & Roe Inc. now owns 7,492 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 39 shares in the last quarter. Finally, Green Square Capital LLC lifted its holdings in shares of U.S. Bancorp by 0.4% in the second quarter. Green Square Capital LLC now owns 11,363 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

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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.

The Fly

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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