U.S. Bancorp (USB) : 23 analysts are covering U.S. Bancorp (USB) and their average rating on the stock is 2.39, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. U.S. Bancorp (USB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 14 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
U.S. Bancorp (USB) : 15 Wall Street analysts covering U.S. Bancorp (USB) believe that the average level the stock could reach for the short term is $45.53. The maximum price target given is $51 and the minimum target for short term is around $42, hence the standard deviation is calculated at $2.95.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Keefe Bruyette & Woods maintains its rating on U.S. Bancorp (NYSE:USB). As per the latest information, the brokerage house lowers the price target to $43 per share from a prior target of $45. The shares have been rated Market Perform. The rating by the firm was issued on July 5, 2016.
U.S. Bancorp (NYSE:USB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.55 and $41.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.13, notching a gain of 1.69% for the day. The total traded volume was 6,723,229 . The stock had closed at $41.43 on the previous day.
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.