Stick With U.S. Bancorp (USB). The Bull Are Alive And Well

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 5.97% and 17.28% over the past three months. USB shares are trading 23.91% year to date (YTD), with the 12-month market performance up to 44.17% higher. It has a 12-month low price of $36.49 and touched a high of $52.69 over the same period. USB has an average intraday trading volume of 8.18 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 7.12%, 12.17%, and 23.15% respectively.

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Institutional ownership of U.S. Bancorp (NYSE: USB) shares accounts for 79.13% of the company’s 1.56B shares outstanding.

It has a market capitalization of $85.46B and a beta (3y monthly) value of 1.05. The stock’s trailing 12-month PE ratio is 16.42, while the earnings-per-share (ttm) stands at $3.27. The company has a PEG of 3.28 and the debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.99% over the week and 1.97% over the month.

Earnings per share for the fiscal year are expected to increase by 17.21%, and 12.39% over the next financial year. EPS should grow at an annualized rate of 5.01% 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. Citigroup stated their Buy rating for the stock in a research note on Nov-26-24, with the firm’s price target at $49-$65. Deutsche Bank coverage for the U.S. Bancorp (USB) stock in a research note released on October 24, 2024 offered a Hold rating with a price target of $51. Morgan Stanley was of a view on September 30, 2024 that the stock is Overweight, while JP Morgan gave the stock Neutral rating on June 27, 2024, issuing a price target of $43.50. Keefe Bruyette on their part issued Mkt Perform rating on April 18, 2024.

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