U.S. Bancorp (USB) : The consensus on U.S. Bancorp (USB) based on 23 analyst recommendation on the company stock is 2.39, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on U.S. Bancorp (USB).
U.S. Bancorp (USB) : The highest short term price target forecast on U.S. Bancorp (USB) is $51 and the lowest target price is $42. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $45.53 with a standard deviation of $2.95.
Company shares have received an average consensus rating of Hold for the current week U.S. Bancorp (NYSE:USB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.66 and $42.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.82, notching a gain of 0.75% for the day. The total traded volume was 6,211,571 . The stock had closed at $42.50 on the previous day.
In a related news,The officer (Vice Chairman) of Us Bancorp De, Stone Kent V. sold 29,947 shares at $42.11 on July 22, 2016. The Insider selling transaction had a total value worth of $1,261,068. 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.