U.S. Bancorp (USB) Given “Buy” Rating at Jefferies Group
U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a note issued to investors on Monday. They currently have a $63.00 target price on the financial services provider’s stock. Jefferies Group’s price objective would indicate a potential upside of 11.19% from the company’s current price. Jefferies Group also issued estimates for U.S. Bancorp’s Q4 2017 earnings at $0.87 EPS, FY2018 earnings at $4.07 EPS and FY2019 earnings at $4.30 EPS.
USB has been the subject of several other reports. Zacks Investment Research raised U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Instinet lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Vining Sparks reaffirmed a “buy” rating and set a $64.00 target price on shares of U.S. Bancorp in a research report on Monday. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 target price on shares of U.S. Bancorp in a research report on Friday, October 6th. Finally, UBS Group lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and upped their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. U.S. Bancorp presently has an average rating of “Hold” and a consensus target price of $56.22.
U.S. Bancorp (USB) traded up $0.88 on Monday, hitting $56.66. The stock had a trading volume of 2,419,694 shares, compared to its average volume of 6,344,566. The company has a market cap of $93,680.00, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61.
U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. research analysts forecast that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of USB. Stelac Advisory Services LLC purchased a new stake in U.S. Bancorp during the 2nd quarter valued at about $103,000. Phocas Financial Corp. purchased a new stake in U.S. Bancorp during the 2nd quarter valued at about $109,000. Horan Capital Advisors LLC. purchased a new stake in U.S. Bancorp during the 3rd quarter valued at about $112,000. Pathstone Family Office LLC grew its stake in U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 386 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA grew its stake in U.S. Bancorp by 1,211.9% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 73.96% 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.
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