RBC Capital analyst Gerard Cassidy maintained a Buy rating on US Bancorp (USB – Research Report) on April 4 and set a price target of $66.00. The company’s shares closed last Tuesday at $53.00, close to its 52-week low of $51.92.
According to TipRanks.com, Cassidy is a top 25 analyst with an average return of 26.7% and a 73.6% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Goldman Sachs Group, and Fifth Third Bancorp.
US Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $65.86, representing a 26.0% upside. In a report issued on April 4, Oppenheimer also maintained a Buy rating on the stock with a $77.00 price target.
Based on US Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.66 billion and net profit of $1.67 billion. In comparison, last year the company earned revenue of $5.73 billion and had a net profit of $1.52 billion.
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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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