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. 13 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 22 Wall Street Analysts endorse the stock as a Buy with a rating of 2.36.
U.S. Bancorp (USB) : Currently there are 14 street experts covering U.S. Bancorp (USB) stock. The most bullish and bearish price target for the stock is $51 and $42 respectively for the short term. The average price target of all the analysts comes to $46. The estimated standard deviation from the target is $2.72.
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 $38.73 and $38.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.20, notching a gain of 0.36% for the day. The total traded volume was 6,255,745 . The stock had closed at $39.06 on the previous day.
Also, Brokerage firm Deutsche Bank downgrades its rating on U.S. Bancorp (NYSE:USB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 26, 2016. The company shares have dropped -8.46% 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 $41.51 and the 200 Day Moving Average price is recorded at $40.90.
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.