Jefferies took its U.S. Bancorp [USB] rating to the equivalent of Buy from Hold, in a research note dated 2021-01-07. Other analysts also revised their coverage, with Credit Suisse’s analysts upgrading the shares from “an Underperform” rating to “a Neutral” rating in a research note to investors issued in mid December. Meanwhile, Stephens had raised its rating on USB to “an Overweight” from the earlier “an Equal-weight”, in a research note produced for clients November 30, 2020. In addition, there was an upgrade from Morgan Stanley on November 30, 2020. The rater changed USB from “an Underweight” to “an Equal-weight”.
Is U.S. Bancorp [NYSE:USB] a Good Buy Right Now?
It should be noted that USB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from U.S. Bancorp’s Trend Spotter indicated that the signals were Strongest. The stock current average is 6.62 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 6.99 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 6.63 million shares.
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USB Price Performance
On Wall Street, U.S. Bancorp [NYSE:USB] finished Wednesday’s session up 5.92% at $49.01. The stock went up to $49.63 at the same session while its lowest single day price was $47.03. In the last five days, it saw a rise of about 6.24%, U.S. Bancorp shares gained by almost 5.19% since the beginning of the year. However, the share price has dropped to as low as -15.19% below its one year high. On 01/06/21, the company shares recorded $49.63, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $45.56. The company’s shares have declined by -14.26% in the past year. The 50-day SMA achieved is $43.83 while the 200-day SMA is $38.21. Volume gained to 12.38 million from 5.33 million in the previous session.
U.S. Bancorp [USB] Valuation Measures
Notably, U.S. Bancorp [USB] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 16.23. The measure means the stock is exchanging at a premium as compared to the 11.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.68 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.42 which means USB serve an unattractive investment opportunity compared to its competitors.
USB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 47.48 level, and in case of violation of this particular level, it will cause more drop to 45.96 level. On the upper level, 51.16 is still the key resistance. The stock may increase to the subsequent resistance at 50.08. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.18, implying an overbought technical stance while the MACD stands at 0.95, meaning price will decrease in the next trading period. Percent R indicator moved to 11.44%, implying bullish price movement. Stochastic %K at 73.05% suggest selling the stock.
What is the short interest in U.S. Bancorp?
Short interest in the U.S. Bancorp stock has surged, increasing by 3.44 million shares to total 13.35 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 16.79 million, data from Yahoo Finance shows. The decrease of -25.77% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.89% of the overall float for the stock.
U.S. Bancorp’s Biggest Shareholders: Who Owns U.S. Bancorp [USB]?
Filings by Berkshire Hathaway, Inc. showed that the firm now holds a total of 131,961,832 shares or roughly 8.76% of the outstanding USB shares. This means their shares have reduced by 0 from the 131,961,832 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $4,458,924,462. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.25% stake valued at $2,900,647,806 while SSgA Funds Management, Inc. cut theirs at $2,509,704,337. During the last quarter, BlackRock Fund Advisors liquidated -850,177 of its shares in U.S. Bancorp while SSgA Funds Management, Inc. sold -395,822 shares. The Massachusetts Financial Services’s holdings currently number 34,014,751 shares at $1667062946.51. According to the firm’s last 13F report, D1 Capital Partners LLC shares in the company at filing stood at 20,864,643 shares, roughly $901,561,224.
USB Earnings Forecast For The Current Quarter
U.S. Bancorp [USB] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $5.83B and an earnings per share of $0.94 for Dec 2020. Looking further ahead, the company is expected to report revenue of $5.64B at an EPS of $0.81 for Mar 2021. The estimates represent upside of -1.60% and 8.66% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
USB Earnings Estimates For The Current Year
For the financial year, U.S. Bancorp [NYSE:USB] is expected to bring in revenue of $23.27B. The returns are nearly $390.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, the estimate put it at 3.05, lower than that of FY19 by -$1.11. Estimates put this year’s earnings growth at -26.70%, 10.20% for the next, and at an annual 2.12% over the next 5-year period. As for sales, forecasts are for an increase of 1.70% in the current fiscal year and a further -1.60% over the following year.