U.S. Bancorp (NYSE:USB) : The highest short term price target forecast on U.S. Bancorp (NYSE:USB) is $51 and the lowest target price is $42. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $46 with a standard deviation of $2.72.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of U.S. Bancorp (NYSE:USB). Deutsche Bank has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 26, 2016.
U.S. Bancorp (NYSE:USB): stock turned positive on Thursday. Though the stock opened at $41.92, the bulls momentum made the stock top out at $42.24 level for the day. The stock recorded a low of $41.875 and closed the trading day at $42.23, in the green by 2.13%. The total traded volume for the day was 7,393,729. The stock had closed at $41.35 in the previous days trading.
The company shares have dropped -7.20% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $46.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.94 and the 200 Day Moving Average price is recorded at $41.14. On the companys insider trading activities,The officer (EVP and Controller) of Us Bancorp De, Gifford Craig E sold 400 shares at $41.73 on May 18, 2016. The Insider selling transaction had a total value worth of $16,692. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a 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 machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.