U.S. Bancorp (NYSE:USB) Rating Lowered to Sell at StockNews.com

U.S. Bancorp (NYSE:USB) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other brokerages have also weighed in on USB. Barclays lowered their target price on shares of U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $45.00 price objective (down from $52.00) on shares of U.S. Bancorp in a research note on Thursday, April 18th. DA Davidson reduced their price objective on U.S. Bancorp from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 target price on shares of U.S. Bancorp in a report on Friday, June 21st. Finally, Evercore ISI lifted their price target on U.S. Bancorp from $45.00 to $48.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, U.S. Bancorp presently has a consensus rating of “Hold” and an average target price of $45.84.

U.S. Bancorp Stock Performance

Shares of USB stock opened at $39.51 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 1.07. U.S. Bancorp has a 12-month low of $30.47 and a 12-month high of $45.85. The company has a market cap of $61.65 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04. The stock has a 50 day simple moving average of $40.26 and a 200-day simple moving average of $41.60.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the business posted $1.16 earnings per share. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that U.S. Bancorp will post 3.84 EPS for the current year.

Hedge Funds Weigh In On U.S. Bancorp

A number of large investors have recently bought and sold shares of the stock. CGC Financial Services LLC acquired a new stake in shares of U.S. Bancorp during the 4th quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in U.S. Bancorp during the fourth quarter worth about $26,000. Planned Solutions Inc. purchased a new position in shares of U.S. Bancorp in the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of U.S. Bancorp in the 1st quarter valued at about $30,000. Finally, LRI Investments LLC purchased a new stake in shares of U.S. Bancorp during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.