The price of U.S. Bancorp (NYSE: USB) closed at $35.44 in the last session, down -5.52% from day before closing price of $37.51. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 33104627 shares were traded. USB stock price reached its highest trading level at $36.97 during the session, while it also had its lowest trading level at $35.15.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Ratios:
We take a closer look at USB’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.08. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.87.
Upgrades & Downgrades
On February 15, 2023, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $53 to $57.
UBS Upgraded its Neutral to Buy on January 10, 2023, whereas the target price for the stock was revised from $47 to $55.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 12 when CECERE ANDREW sold 84,948 shares for $43.51 per share. The transaction valued at 3,695,918 led to the insider holds 956,742 shares of the business.
DOLAN TERRANCE R sold 15,000 shares of USB for $650,100 on Nov 18. The Vice Chair & CFO now owns 138,051 shares after completing the transaction at $43.34 per share. On Nov 08, another insider, von Gillern Jeffry H., who serves as the Vice Chair of the company, sold 27,183 shares for $43.99 each. As a result, the insider received 1,195,780 and left with 128,204 shares of the company.
Valuation Measures:
As of this moment, U.S.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.59, and their Forward P/E ratio for the next fiscal year is 6.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 1.21.
Stock Price History:
Over the past 52 weeks, USB has reached a high of $57.92, while it has fallen to a 52-week low of $36.13. The 50-Day Moving Average of the stock is 46.75, while the 200-Day Moving Average is calculated to be 45.57.
Shares Statistics:
According to the various share statistics, USB traded on average about 9.04M shares per day over the past 3-months and 16.07M shares per day over the past 10 days. A total of 1.53B shares are outstanding, with a floating share count of 1.53B. Insiders hold about 0.15% of the company’s shares, while institutions hold 74.10% stake in the company. Shares short for USB as of Jan 12, 2023 were 12.51M with a Short Ratio of 9.17M, compared to 10.4M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.82% and a Short% of Float of 0.82%.
Dividends & Splits
The forward annual dividend rate for USB is 1.92, which was 1.68 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 4.48%, it implies a Forward Annual Dividend Yield of 3.91%. The stock’s 5-year Average Dividend Yield is 3.26. The current Payout Ratio is 50.30% for USB, which recently paid a dividend on Jan 16, 2023 with an ex-dividend date of Dec 28, 2022. Stock splits for the company last occurred on Feb 26, 2001 when the company split stock in a 1265:1000 ratio.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.15 for the current quarter, with a high estimate of $1.23 and a low estimate of $1.06, while EPS last year was $0.99. The consensus estimate for the next quarter is $1.26, with high estimates of $1.35 and low estimates of $1.1.
Analysts are recommending an EPS of between $5.29 and $4.14 for the fiscal current year, implying an average EPS of $4.89. EPS for the following year is $5.38, with 15 analysts recommending between $5.75 and $4.85.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $7.18B. It ranges from a high estimate of $7.26B to a low estimate of $7.1B. As of the current estimate, U.S. Bancorp’s year-ago sales were $5.57B, an estimated increase of 29.00% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $7.39B, an increase of 22.90% less than the figure of $29.00% in the same quarter last year. There is a high estimate of $7.51B for the next quarter, whereas the lowest estimate is $7.23B.
A total of 18 analysts have provided revenue estimates for USB’s current fiscal year. The highest revenue estimate was $30.07B, while the lowest revenue estimate was $28.99B, resulting in an average revenue estimate of $29.6B. In the same quarter a year ago, actual revenue was $24.7B, up 19.80% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $30.33B in the next fiscal year. The high estimate is $31.62B and the low estimate is $28B. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
