In the recent trading session, U.S. Bancorp. (NYSE:USB) experienced a trading volume of 2.94 million shares, with a beta of 1.05. The stock’s per share price level is currently at $31.12, down by -$0.12 or -0.37%. This puts the company’s market valuation at $47.71 billion. The stock is trading at a discount of -60.51% from its 52-week high of $49.95, but at a premium of 12.37% from its 52-week low of $27.27.
U.S. Bancorp. has an average trading volume of 10.97 million shares over the past 10 days. Analysts have given the stock an average recommendation of “Overweight” with a mean rating of 2.14. Out of 28 analysts covering the stock, 0 rated it as a Sell, 2 recommended it as Overweight, 15 suggested it as a Hold, and 11 see it as a Buy. The company is expected to achieve earnings per share (EPS) of $1.04 in the current quarter.
U.S. Bancorp.’s stock performance has been in the red recently, with a loss of -0.37% in the last session. Over the past five days, the stock has remained in negative territory. However, on Friday, September 29, 2023, the stock reached its week-high of $31.12, gaining 7.16% in value for the day. Year-to-date, the stock has declined by -28.63%, and over the past 30 days, it has shown a performance of -13.83%. The number of shares sold short is 32.05 million, indicating a short interest that would take approximately 2.68 days to cover.
Analysts have set a consensus price target of $42.34 for U.S. Bancorp.’s stock, implying a rise of 26.5% from its recent value. The low price target is projected at $35.00, while the high target is set at $62.00. If the stock were to reach its projected high, it would drop -99.23% from its current price, while reaching the low target would result in a loss of -12.47%.
U.S. Bancorp. is currently underperforming compared to other players in its industry. Over the past six months, the company’s shares have lost -11.35% of their value, with an annual growth rate of -1.12%. The industry as a whole has seen a growth rate of -1.00%. The company has also lowered its revenue forecast for fiscal year 2023, with an estimated revenue decrease of -11.90% in the current quarter and -13.30% in the next quarter. However, this year’s revenue growth is expected to rise by 14.80% compared to the previous year.
Analysts estimate that U.S. Bancorp. will generate $7.05 billion in revenue for the current quarter and $6.98 billion for the next quarter ending in December 2023. In the same quarters a year earlier, the company reported sales of $6.24 billion and $6.77 billion, respectively. Analysts predict a 13.10% increase in sales for this quarter and a 3.20% increase for the next quarter.
Looking at the company’s earnings, U.S. Bancorp. has posted an annual growth rate of 1.00% over the past five years. For 2023, the earnings growth rate is expected to be around 3.48%, with estimates of 6.00% growth in the next five years.
Despite facing issues with mounting debt, U.S. Bancorp. is expected to announce better current-quarter dividends in its next quarterly report, set to be released on October 18.
As for major shareholders, insiders hold 0.15% of the company’s total shares, while institutions hold 77.25%. The top institutional holder is Vanguard Group Inc, with 130.03 million shares of worth $4.3 billion, representing 8.48% of the outstanding shares. The second largest institutional holder is Blackrock Inc., with about 110.7 million shares, worth $3.66 billion, or 7.22% of outstanding shares.
Two of the top mutual funds that own U.S. Bancorp.’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. The former holds 47.75 million shares, worth $1.58 billion or 3.11% of outstanding shares, while the latter holds 33.21 million shares, worth around $1.1 billion or 2.17% of the total outstanding shares.
Sources:
– U.S. Bancorp. (NYSE:USB) on TradingView
– MarketWatch
