U.S. Bancorp. (USB): A Great Stock For Handling Current Market Conditions?

Currently, there are 1.56B common shares owned by the public and among those 1.56B shares have been available to trade.

The company’s stock has a 5-day price change of 6.32% and 13.49% over the past three months. USB shares are trading 3.42% year to date (YTD), with the 12-month market performance up to 15.03% higher. It has a 12-month low price of $30.47 and touched a high of $45.85 over the same period. USB has an average intraday trading volume of 8.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.72%, 10.67%, and 12.13% respectively.

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Institutional ownership of U.S. Bancorp. (NYSE: USB) shares accounts for 79.46% of the company’s 1.56B shares outstanding.

It has a market capitalization of $69.85B and a beta (3y monthly) value of 1.06. The stock’s trailing 12-month PE ratio is 14.20, while the earnings-per-share (ttm) stands at $3.15. The company has a PEG of 7.89 and the debt-to-equity ratio at 1.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.54% over the week and 2.22% over the month.

Earnings per share for the fiscal year are expected to increase by 14.59%, and 12.30% over the next financial year. EPS should grow at an annualized rate of 1.80% over the next five years, compared to -4.60% over the past 5-year period.

Looking at the support for the USB, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on June 27, 2024, with the firm’s price target at $43.50. Keefe Bruyette coverage for the U.S. Bancorp. (USB) stock in a research note released on April 18, 2024 offered a Mkt Perform rating with a price target of $45. HSBC Securities was of a view on March 28, 2024 that the stock is Buy, while Compass Point gave the stock Buy rating on March 22, 2024, issuing a price target of $46- $49. Stephens on their part issued Equal-Weight rating on December 20, 2023.

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