Susquehanna downgraded U.S. Bancorp (NYSE:USB) to Neutral in a report released today.
- Updated: December 1, 2016
Yesterday U.S. Bancorp (NYSE:USB) traded 1.55% higher at $49.10. USB’s 50-day average is $46.17 and its 200-day moving average is $43.25. The last closing price is up 16.50% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 10,571,287 shares of USB traded, up from an average trading volume of 7,697,480
Susquehanna has downgraded U.S. Bancorp (NYSE:USB) to Neutral in a report released on 12/1/2016.
Previously on Wednesday November 30, 2016, Wedbush reported about U.S. Bancorp (NYSE:USB) raised the target price from $49.00 to $50.00. At the time, this indicated a possible upside of 0.02%.
Recent Performance Chart
U.S. Bancorp has 52 week low of $37.07 and a 52 week high of $50.62 with a price-earnings ratio of 15.60 and has a total market value of $0.
A total of 27 analysts have released a research note on USB. Four analysts rating the company a strong buy, ten analysts rating the company a buy, 18 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $45.63.
About 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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