U.S. Bancorp (NYSE:USB) close to 52-week high, short interest decreasing

U.S. Bancorp (NYSE:USB) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $45.12, up by 1.92%, with a volume of 7,120,300 shares against an average volume for the last 3 months of 6,912,880.

U.S. Bancorp (USB) reported last quarter earnings on Wednesday, January 21. The Financial Sector company announced earning per share of $0.78 against a consensus Street estimate of $0.77, beating the average estimate by $0.01. This corresponds to an increase of $0.01 compared to the same quarter of the previous fiscal year.

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U.S. Bancorp (NYSE:USB) is currently trading 2.13% below its 52-week-high, 18.43% above its 52-week-low. The 1-year range for the stock is $38.1 – $46.1. U.S. Bancorp (USB) has a price to earnings ratio of 14.37 versus S&P 500 average of 17.42. The stock price has underperformed the S&P 500 by 0.3%. USB is currently valued at $80.58 billion and closed the last trading session at $45.12. The stock has a 50-day moving average of $43.39 and a 200-day moving average of $42.71.

U.S. Bancorp (USB) current short interest stands at 19.12 millions shares. It has decreased by 10% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 6.77 millions shares, the number of days required to cover the short positions stand at 2.9 days.

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There are currently thirty-two analysts that cover USB. Of those thirty-two, eight have a Buy rating, twenty-two have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $46.56.

A recent analyst activity consisted of Compass Point reiterating their Neutral stance on January 22. Compass Point decreased price target from $43 to $42. This corresponds to a 6.91% downside from the last closing price. On the date of report, the stock closed at $43.43.

RBC Capital Mkts reiterated their Outperform stance on the same day, and increased their price target on USB from $44 to $45. This corresponds to a 0.27% downside from the last closing price.

A third research firm was Barclays who reiterated their Overweight stance on July 17. Barclays increased their price target on U.S. Bancorp from $45 to $48. This translates to a 6.38% upside from the last closing price. On the date of report, the stock closed at $41.14.

Company profile

U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.

U.S. Bancorp (NYSE:USB) close to 52-week high, short interest decreasing was last modified: February 13th, 2015 by Kelly Rhodes

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