U.S. Bancorp (USB) Receives Buy Rating from Vining Sparks

U.S. Bancorp (NYSE:USB)‘s stock had its “buy” rating reaffirmed by stock analysts at Vining Sparks in a report issued on Monday. They presently have a $64.00 price objective on the financial services provider’s stock. Vining Sparks’ price objective suggests a potential upside of 14.74% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Group restated a “buy” rating and issued a $62.00 price objective on shares of U.S. Bancorp in a research report on Thursday, October 12th. Oppenheimer restated a “hold” rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Zacks Investment Research upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Robert W. Baird restated a “hold” rating and issued a $48.00 price objective on shares of U.S. Bancorp in a research report on Friday, October 6th. Finally, Nomura lowered U.S. Bancorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $57.00 to $55.00 in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $56.22.

Shares of U.S. Bancorp (NYSE:USB) opened at $55.78 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61. The company has a market capitalization of $92,570.00, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts forecast that U.S. Bancorp will post 3.42 earnings per share for the current year.

Several large investors have recently made changes to their positions in USB. Janus Henderson Group PLC lifted its position in shares of U.S. Bancorp by 5,598.0% during the 2nd quarter. Janus Henderson Group PLC now owns 12,653,535 shares of the financial services provider’s stock valued at $656,975,000 after buying an additional 12,431,466 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in U.S. Bancorp by 154.2% in the 2nd quarter. Principal Financial Group Inc. now owns 5,836,557 shares of the financial services provider’s stock valued at $303,034,000 after purchasing an additional 3,540,530 shares in the last quarter. Truepoint Inc. lifted its holdings in U.S. Bancorp by 5,417.9% in the 3rd quarter. Truepoint Inc. now owns 3,070,777 shares of the financial services provider’s stock valued at $3,071,000 after purchasing an additional 3,015,126 shares in the last quarter. Stifel Financial Corp lifted its holdings in U.S. Bancorp by 5,557.0% in the 3rd quarter. Stifel Financial Corp now owns 2,020,912 shares of the financial services provider’s stock valued at $108,264,000 after purchasing an additional 1,985,188 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in U.S. Bancorp by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 105,568,014 shares of the financial services provider’s stock valued at $5,481,092,000 after purchasing an additional 1,727,498 shares in the last quarter. Hedge funds and other institutional investors 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.

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

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