why U.S. Bancorp. [USB] is a Good Choice for Investors After New Price Target of $46.85

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U.S. Bancorp. [NYSE: USB] slipped around -0.27 points on Monday, while shares priced at $38.75 at the close of the session, down -0.69%.

Compared to the average trading volume of 7.73M shares, USB reached a trading volume of 8270845 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about U.S. Bancorp. [USB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for USB shares is $46.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on USB stock is a recommendation set at 2.19. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for U.S. Bancorp. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $47 to $53. The new note on the price target was released on March 28, 2024, representing the official price target for U.S. Bancorp. stock. Previously, the target price had yet another raise from $46 to $49, while Compass Point kept a Buy rating on USB stock.

The Average True Range (ATR) for U.S. Bancorp. is set at 0.85, with the Price to Sales ratio for USB stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 1.24.

How has USB stock performed recently?

U.S. Bancorp. [USB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.47. With this latest performance, USB shares dropped by -6.72% in over the last four-week period, additionally sinking by -2.47% over the last 6 months – not to mention a rise of 17.21% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for USB stock in for the last two-week period is set at 36.78, with the RSI for the last a single of trading hit 34.03, and the three-weeks RSI is set at 39.08 for U.S. Bancorp. [USB]. The present Moving Average for the last 50 days of trading for this stock 41.13, while it was recorded at 38.97 for the last single week of trading, and 39.23 for the last 200 days.

U.S. Bancorp. [USB]: Deeper insight into the fundamentals

U.S. Bancorp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.76.

Earnings analysis for U.S. Bancorp. [USB]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for USB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for U.S. Bancorp. go to 1.40%.

Insider trade positions for U.S. Bancorp. [USB]

The top three institutional holders of USB stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in USB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in USB stock with ownership which is approximately 5.8386%.

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