US Bancorp Stock Rating Reaffirmed by Zacks (USB)

Share on StockTwits

US Bancorp (NYSE: USB)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a $37.50 price objective on the stock. Zacks‘ price objective points to a potential upside of 5.37% from the company’s current price.

Zacks‘ analyst wrote, “U.S. Bancorp delivered encouraging first-quarter 2013 results. Though the company’s reported earnings were in line with the Zacks Consensus Estimate, it surpassed the year-ago earnings. Reduced non-interest expenses and a lower provision for credit losses acted as tailwinds for the quarter. Moreover, credit metrics improved in the reported quarter. Yet, non-interest income moved down. Nevertheless, U.S. Bancorp’s attractive core franchisee, diverse revenue streams and strong performance in the past years are impressive. A solid capital position, improving credit quality and increase in lending activities augur well for the company. It adheres to a conservative growth stratagem and has made small but strategic acquisitions. Yet, regulatory issues along with the expectation of a continued low interest-rate environment are likely to limit the stock’s upside potential in the upcoming quarters.”

A number of other analysts have also recently weighed in on USB. Analysts at TheStreet reiterated a “buy” rating on shares of US Bancorp in a research note to investors on Monday.

Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $36.37.

Shares of US Bancorp (NYSE: USB) traded down 0.59% during mid-day trading on Monday, hitting $35.38. US Bancorp has a 52 week low of $29.62 and a 52 week high of $36.00. The stock’s 50-day moving average is currently $34.19. The company has a market cap of $65.440 billion and a P/E ratio of 12.27.

US Bancorp (NYSE: USB) last posted its quarterly earnings results on Tuesday, April 16th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that US Bancorp will post $3.04 EPS for the current fiscal year.

U.S. Bancorp (NYSE: USB) is a multi-state financial services holding company.

To view Zacks’ full report, visit www.zacks.com

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

Navistar Posts Loss, Continues its Restructuring
Navistar Posts Loss, Continues its Restructuring
Walmart Cuts Workers Hours After Making Pay Raises
Walmart Cuts Workers Hours After Making Pay Raises
Pentagon Teaming Up with Boeing and Apple for Wearable Tech
Pentagon Teaming Up with Boeing and Apple for Wearable Tech
One-Hour Delivery by Amazon Arrives in Seattle
One-Hour Delivery by Amazon Arrives in Seattle
Dangerous Bacteria in Ground Beef Shows Study
Dangerous Bacteria in Ground Beef Shows Study
Vital Therapies Stock Plunges Following Failed Trial For Liver Therapy
Vital Therapies Stock Plunges Following Failed Trial For Liver Therapy


Advertisement
Advertisement
© 2006-2015 Ticker Report. Google+.