Barclays Reaffirms Their Buy Rating on US Bancorp (USB)
Barclays analyst Jason Goldberg maintained a Buy rating on US Bancorp today and set a price target of $65.00.
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Goldberg covers the Financial sector, focusing on stocks such as Citigroup, M&T Bank, and JPMorgan Chase. According to TipRanks, Goldberg has an average return of 18.8% and a 70.24% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Bancorp with a $63.67 average 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 37 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. Earlier this 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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