Invesotrs Wanting To Tap Brakes On U.S. Bancorp (USB)?

Considering all key technical indicators, a 48% Sell signal has occurred for U.S. Bancorp (NYSE:USB). The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the USB’s short-term trajectory should know that short terms indicators for the stock averaged 40% Sell with an average daily trading volume over the past 20 days at 7895380 shares. USB stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 8135514 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $51.53. Below this, the next support is placed in the zone of $50.72. Till the time, the USB stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 40.42 on daily chart, which may remain a cause for concern. If the price breaks below $50.72 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $52.8 mark may result into a pull-back move towards $53.26 level.

U.S. Bancorp (USB) is projected to climb by 11.06 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $63-month high price target. This represents a whopping 20.37 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $58, which represents a return potential of 10.81 percent when compared to the closing price of the stock of $52.34 on Thursday, December 06. The lowest price target for the stock is $54 — slightly more than 3.17 percent from USB’s current share price.

Here’s a rundown of insider trading activity for sense of U.S. Bancorp (NYSE:USB). The earliest insider trade took place on 11/14/2018. Omaley David B parted with a total of 10.9 thousand shares of company at average share price of $53.66. The total for the sales was set at $585 thousand. After this transaction, the Director account balance stood at 201.89 thousand shares. The stock lost -1.98 percent since that insider sale. On 11/13/2018, Elmore John R., Vice Chairman, sold 19.42 thousand shares at a price per share of $53.59. This removed 1.04 million shares from the insider’s fortune and the stock saw a -1.85 percent retreat in value since the news became public. This transaction left 86.71 thousand shares in the Vice Chairman account. On 11/12/2018, EVP and Chief Credit Officer Runkel Mark G. performed a sale transaction worth $337.66 thousand. This sale at $53.2 each has eliminated 6.35 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -1.13 percent decrease since the transaction was reported. The insider now is left with 72.09 thousand shares remaining in the account. Cecere Andrew, who performs the Chairman, President and CEO job, sold 183.37 thousand shares for $9.71 million. The disposal occurred on 11/08/2018 was priced at $52.95 per share. The share price plunged -0.66 percent since the reporting date. Cecere Andrew now left with a stake of 720.82 thousand USB stock worth $37.73 million after the insider selling.

USB shares dropped -0.26 points or -0.49 percent on Thursday to $52.34 with a heavy trade volume of 13.474 million shares. After opening the session at $51.71, the shares went as high as $52.45 and as low as $51.1801, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $85.3 billion and now has 1.63 billion shares outstanding. U.S. Bancorp (USB) stock has lost 0 percent of market value in 21 trading days.

Analysts at Citigroup cut their rating on shares of U.S. Bancorp (NYSE:USB) from Buy to Neutral in their opinion released on November 02. Oppenheimer analysts bumped their recommendation on USB stock from Perform to Outperform in a separate flash note to investors on October 18. Analysts at Macquarie issued an upgrade from Neutral to Outperform for the stock, in a research note that dated back to October 10.

USB stock has a trailing 3-year beta of 0.91, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.47 a share in the trailing twelve months. The stock’s value has fallen -2.31 percent year to date (YTD) against a decline of -4.52 percent in 12 month’s time. The company’s shares still trade -10.53 percent away from its 1-year high of $58.50 and 7.94 percent up from 52-week low of $48.49. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of U.S. Bancorp (USB) are trading at a P/E ratio of 15.5 times earnings reported for the past 12 months. The industry USB operates in has an average P/E of 18.6. Its P/E ratio went as low as 13.45X and as high as 18.02 over the 5-year span. Further, it is sporting a 5.46 on the Price-to-Sales ratio. Compare this with the industry average P/S of 7.82. 0 percent is the gross profit margin for U.S. Bancorp and operating margin sits at 73.2 percent. Along with this, the net profit margin is 42.4 percent.

USB will be declaring its Q4 financial results on January 16. Analysts are forecasting revenue to climb 2.7 percent to $5.74B in the next fiscal quarter, while earnings are seen soaring by nearly 20.45 percent to $1.06 per share. History has shown that shares in U.S. Bancorp have gone down on 18 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. In last reported earnings results, it earned $1.06 per share, better than the $1.05, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $5.67B, worse than the $5.69B analysts expected. Earnings are estimated to increase by -8.3 percent this year, 6.44 percent next year and continue to increase by 6.81 percent annually for the next 5 years.