U.S. Bancorp (NYSE:USB) registered a 0.08% increase, still its new closing price is 46.54% up from the company’s 1 year high of 52.98.It posted 3.50% gains in previous 5 sessions and is now the subject of 21 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 31 stock analysts following this company have an average price target at $54.00, with individual PT in the $48.00-$60.00 range. The shares moved at $52.99, implying that brokerage firms see shares gaining about 38.50% in twelve months time.
U.S. Bancorp (USB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.15% rise year to date. A EVP, Human Resources at U.S. Bancorp (USB) offloaded shares in a transaction closed on Thursday January 26, 2017. CARLSON JENNIE P sold 20,000 shares in the company at $52.75 each and collected $1,055,000 in proceeds. CARLSON JENNIE P now owns 213,671 shares in the company after this transaction. A Director in the company, OMALEY DAVID B, disclosed a transaction on Wednesday January 25, 2017 that ended up generating $612,000 from the sale of 11,650 shares at $52.54 per share.
U.S. Bancorp (NYSE:USB) Upcoming Results on Tap
U.S. Bancorp will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.80 in that period. Sales during the quarter are predicted to arrive at $5.29 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.39 billion in revenue and EPS of $0.82. The mean forecast was for $5.36 billion and $0.81 a share, respectively. One quarter earlier, revenue for the stock was at $5.34 billion, with earnings at $0.84/share.
U.S. Bancorp (USB) Brokerage Update
U.S. Bancorp (USB) is in Susquehanna’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Positive by Susquehanna, according to news reported on Thursday December 01, 2016.Another important research note was issued by Jefferies on Monday November 28, 2016.The firm upgraded USB to Buy from Hold. Over the last six months and over the last three months, the shares of U.S. Bancorp (USB), have changed 27.44% and 20.45%, respectively.