U.S. Bancorp. (NYSE:USB) saw an upside of 0.63% to close Monday at $33.59 after adding $0.21 on the day. The 5-day average trading volume is 9,930,800 shares of the company’s common stock. It has gained $35.24 in the past week and touched a new high 2 times within the past 5 days. An average of 12,485,865 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,522,458.
USB’s 1-month performance is -7.03% or -$1.92 on its low of $33.02 reached on 09/25/23. 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 -22.98% or -$10.02 and has reached a new high 9 times. However, the current price is down -32.75% from the 52-week high price.
Insider Transactions
USB stock investors last saw insider trading activity on Aug 10.Welsh Timothy A (Vice Chair) most recently sold 13,816 shares at $39.79 per share on Aug 10. This transaction cost the insider $549,780. Vice Chair & CFO, DOLAN TERRANCE R, sold 26,000 shares at a price of $39.75 on Aug 08. Then, on Dec 12, Chairman, President and CEO CECERE ANDREW sold 84,948 shares at a price of $43.51 per share. This transaction amounted to $3,695,918.
Valuation Metrics
USB stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 1.11, with the price to cash flow ratio at 4.15.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.85, while the total debt to equity was 1.46. 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 25 September was 29.83% to suggest the stock is trending oversold, with historical volatility in this time period at 28.29%.
The stock’s 5-day moving average is $33.88, reflecting a -3.34% or -$1.16 change from its current price. USB is currently trading -5.41% above its 20-day SMA, +9.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.92% and SMA200 by-21.77%.
Stochastic %K and %D was 6.41% and 5.93% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 33.98%, while the 14-day stochastic is at 13.10% with the period’s ATR at 0.89. The stock’s 9-day MACD Oscillator is pointing at -0.99 and -1.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for U.S. Bancorp. (NYSE: USB), HSBC Securities launched coverage with a Hold rating. 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 $35.80 and a high of $67.00, with their median price target at $42.00. Looking at these predictions, the average price target given by analysts is for U.S. Bancorp. (USB) stock is $43.34.
