Recent extremely meaningful positive changes in investment behavior have benefitted U.S. Bancorp (NYSE: USB): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
U.S. Bancorp (NYSE: USB) has recently enjoyed meaningful positive changes in fundamentals: 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. US Bancorp has a neutral Power Rating of 60 but a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Recent Price Action
U.S. Bancorp (NYSE: USB) stock rose modestly by 0.6% on 7/15/24. The stock closed at $42.35. Moreover, this advance was accompanied by above average trading volume at 131% of normal. The stock has performed in line with the market over the last nine months and has risen 8.5% during the last week.
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