Oppenheimer Remains a Buy on US Bancorp (USB)
Oppenheimer analyst Chris Kotowski maintained a Buy rating on US Bancorp yesterday and set a price target of $71.00. The company’s shares closed yesterday at $50.85.
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Kotowski covers the Financial sector, focusing on stocks such as Jefferies, WisdomTree, and Blue Owl Capital. According to TipRanks, Kotowski has an average return of 18.1% and a 66.47% success rate on recommended stocks.
US Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $63.06, representing a 24.01% upside. In a report released on March 26, Truist Financial also maintained a Buy rating on the stock with a $63.00 price target.
Based on US Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.98 billion and a net profit of $2.05 billion. In comparison, last year the company earned a revenue of $10.66 billion and had a net profit of $1.66 billion
Based on the recent corporate insider activity of 36 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. Last month, Mark Runkel, the Vice Chair of USB sold 32,195.00 shares for a total of $1,952,304.80.
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