Oppenheimer analyst Chris Kotowski assigned a Buy rating to US Bancorp (USB) today and set a price target of $69.00. The company’s shares closed last Tuesday at $48.07.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 12.1% and a 67.4% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and New Mountain Finance.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Bancorp with a $55.71 average price target, which is a 15.2% upside from current levels. In a report issued on January 6, Deutsche Bank also maintained a Buy rating on the stock with a $55.00 price target.
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US Bancorp’s market cap is currently $72.41B and has a P/E ratio of 16.00. The company has a Price to Book ratio of 2.14.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of USB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
U.S. Bancorp operates as a bank holding company. It offers financial services, including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat & RV loans, credit lines, credit card services, merchant, bank, checking & savings accounts, debit cards, online & mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services. The company was founded in 1929 and is headquartered in Minneapolis, MN.
