U.S. Bancorp (NYSE:USB) saw an upside of 0.27% to close Tuesday at $40.23 after adding $0.11 on the day. The 5-day average trading volume is 12,429,900 shares of the company’s common stock. It has gained $40.45 in the past week and touched a new high 3 times within the past 5 days. An average of 14,327,311 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,395,844.
USB’s 1-month performance is 19.24% or $6.69 on its low of $33.15 reached on 07/10/23. The company’s shares have touched a 52-week low of $27.27 and high of $49.95, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, USB has lost -7.75% or -$3.38 and has reached a new high 9 times. However, the current price is down -19.46% from the 52-week high price.
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Insider Transactions
USB stock investors last saw insider trading activity on May 08.CECERE ANDREW (Chairman, President and CEO) most recently sold 84,948 shares at $43.51 per share on Dec 12. This transaction cost the insider $3,695,918. Vice Chair & CFO, DOLAN TERRANCE R, sold 15,000 shares at a price of $43.34 on Nov 18. Then, on Nov 08, Vice Chair von Gillern Jeffry H. sold 27,183 shares at a price of $43.99 per share. This transaction amounted to $1,195,780.
Valuation Metrics
USB stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.42 while the price-to-book (PB) in the most recent quarter is 1.33, with the price to cash flow ratio at 3.33.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.91, while the total debt to equity was 0.91. The firm’s gross profit as reported stood at $14.73 billion against revenue of $17.95 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected USB to announce $1.12 per share in earnings in its latest quarter, but it posted $1.12, representing a 0.00% surprise. Shareholders hold equity totaling $1.53 billion.
Let’s look briefly at U.S. Bancorp (USB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 69.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.82%.
The stock’s 5-day moving average is $39.62, reflecting a +3.93% or $1.52 change from its current price. USB is currently trading +15.21% above its 20-day SMA, +13.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.86% and SMA200 by-2.50%.
Stochastic %K and %D was 91.27% and 88.45% and the average true range (ATR) pointed at 1.22. The RSI (14) points at 68.22%, while the 14-day stochastic is at 92.17% with the period’s ATR at 1.17. The stock’s 9-day MACD Oscillator is pointing at 0.64 and 0.90 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for U.S. Bancorp (NYSE: USB), DA Davidson reiterated its a Neutral rating for the company but lifted their price target by $39 to $41. Analysts offering their rating for USB stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate USB as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 11 have offered a “buy” rating.
What is USB’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $35.00 and a high of $70.00, with their median price target at $43.00. Looking at these predictions, the average price target given by analysts is for U.S. Bancorp (USB) stock is $43.86.
