Jefferies upgraded U.S. Bancorp (NYSE:USB) from Hold to Buy in a report released today.
- Updated: November 28, 2016
Jefferies has upgraded U.S. Bancorp (NYSE:USB) from Hold to Buy in a report released on 11/28/2016.
Only yesterday U.S. Bancorp (NYSE:USB) traded -0.45% lower at $49.42. The company’s 50-day moving average is $45.49 and its 200-day moving average is $43.03. The last stock close price is up 14.33% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 2,750,162 shares of USB traded hands, down from an average trading volume of 7,616,580
Recent Performance Chart
U.S. Bancorp has 52 week low of $37.07 and a 52 week high of $49.57 with a PE ratio of 15.57 and has a market capitalization of $0.
In addition to Jefferies reporting its stock price target, a total of 27 brokers have issued a research note on the company. The average stock price target is $45.63 with 4 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 18 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On U.S. Bancorp (NYSE:USB)
U.S. Bancorp is a multi-state financial services holding company. The Company's banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. It provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATMs) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its lending services include traditional credit products, as well as credit card services, leasing financing and import/export trade, asset-backed lending and agricultural finance. Its depository services include checking accounts, savings accounts and time certificate contracts.
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