Recent exceptional positive changes in investment behavior have benefitted U.S. Bancorp (NYSE: USB): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted U.S. Bancorp (NYSE: USB): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
USB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
US Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. US Bancorp has a good Power Rating of 71 and a very high Appreciation Score of 86, leading to the Highest Value Trend Rating.
Recent Price Action
On 6/21/24, U.S. Bancorp (NYSE: USB) stock increased 1.1%, closing at $39.70. Moreover, this advance was accompanied by exceptionally high trading volume at 206% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.1% during the last week.
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