U.S. Bancorp (USB) Receives Price Target

U.S. Bancorp (USB) : The highest level U.S. Bancorp (USB) is projected to reach is $51 for the short term and the lowest estimate is at $42. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $45.85 and the possibility the share price can swing is $3.05.

U.S. Bancorp (USB) : 7 brokerage houses believe that U.S. Bancorp (USB) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on U.S. Bancorp (USB). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.


Also, Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, maintains their rating on the shares of U.S. Bancorp (NYSE:USB). Keefe Bruyette & Woods has a Market Perform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $43 per share from a prior target of $45. The rating by the firm was issued on July 5, 2016.

U.S. Bancorp (NYSE:USB): The stock opened at $44.25 on Thursday but the bulls could not build on the opening and the stock topped out at $44.26 for the day. The stock traded down to $43.66 during the day, due to lack of any buying support eventually closed down at $44.03 with a loss of -0.27% for the day. The stock had closed at $44.15 on the previous day. The total traded volume was 5,195,535 shares.

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.

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