RBC Capital Sticks to Its Buy Rating for US Bancorp (USB)

RBC Capital analyst Gerard Cassidy maintained a Buy rating on US Bancorp (USBResearch Report) on January 25 and set a price target of $55.00. The company’s shares closed yesterday at $48.86.

According to TipRanks, Cassidy is a top 25 analyst with an average return of 24.2% and a 73.51% success rate. Cassidy covers the Financial sector, focusing on stocks such as KeyCorp, Bank of America, and Bank of New York Mellon Corporation.

Currently, the analyst consensus on US Bancorp is a Moderate Buy with an average price target of $54.77, a 12.10% upside from current levels. In a report released on January 26, Oppenheimer also maintained a Buy rating on the stock with a $74.00 price target.

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USB market cap is currently $75.21B and has a P/E ratio of 13.17.

Based on the recent corporate insider activity of 70 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, Andrew Cecere, the COB, Pres & CEO of USB sold 84,948.00 shares for a total of $3,695,238.00.

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.

Minnesota-based U.S. Bancorp is a financial services holding company and offers services including lending and depository services, cash management, foreign exchange and trust and investment management. It 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.

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