Concentrate on the Analyst's Earnings Levels: Wells Fargo & Company's
- Author: Zachary Reyes Apr 13, 2017,
Apr 13, 2017, 20:41
Vetr's price objective indicates a potential upside of 4.07% from the company's current price.
Want to see what other hedge funds are holding WFC? Jefferies downgraded the stock to "Hold" rating in Monday, November 28 report.
Historically, if we look at price target revisions, two weeks ago Wells Fargo & Co (NYSE:WFC)'s price target was revised on 3/21/17 by the analysts, however the bullish price estimates of the stock set at $65 while the bearish estimates kept at $44 over the next one year.
Elements of this were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the company.
Pfizer Inc. (PFE) stock price tumbled -0.32% to finalize at $33.93 throughout previous buying and selling session.
Wells Fargo & Company (NYSE:WFC) is getting prepared to post earnings results on 4/13/2017 8:30:00 AM. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 19 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The company has a 50-day moving average of $57.12 and a 200 day moving average of $53.24.
Now the shares of Wells Fargo & Company (WFC) has a trading volume of 25.43 Million shares, with an average trading volume of 17270 shares - with shares dropping to a 52 week low of $42.90, and the company's shares hitting a 52 week high of $ 59.99. The company has PEG ratio of 1.78 and price to cash ratio of 0.69. The stock has "Outperform" rating by Keefe Bruyette & Woods on Wednesday, April 5. This is an increase of 233% compared to the typical volume of 11,078 put options.
The analyst stated that the investment firm has set a price target of 55 on shares of NYSE:WFC.
The net interest margin of 2.87% was down from 2.90% in Q1/16. The business earned $21.60 billion during the quarter. Timber Creek Capital Management LLC now owns 3,033 shares of the financial services provider's stock valued at $134,000 after buying an additional 700 shares during the period.
Wells Fargo & Co's EPS is projected to fall 2.02% to $0.97, though revenue is expected to increase 0.50% to US$22.31bn.
At Wells Fargo, net income came in at $5.5 billion, the same as the year-ago level. If you are viewing this news story on another website, it was copied illegally and republished in violation of USA & global trademark and copyright laws. Putnam Fl Investment Management has 0.37% invested in Wells Fargo & Co (NYSE:WFC) for 59,046 shares. The sale was disclosed in a legal filing with the SEC, which is available through this link. Following last close company's stock, is 0.73% above their SMA 50 and -2.96% below the 52-week high.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Trent Capital Management Inc. Rocky Mountain Advisers LLC now owns 1,850 shares of the financial services provider's stock worth $102,000 after buying an additional 1,000 shares during the last quarter. Buy rating has been given by 6 analysts to the company stock whereas 3 analysts given UNDERPERFORM rating to stock and 13 analysts given HOLD rating.
Wells Fargo & Co. said its first-quarter profit was flat as the nation's third-largest bank remains stuck in the spotlight for its sales practices scandal more than six months later. Oxbow Advsrs Lc accumulated 26,679 shares or 0.18% of the stock. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values.
We are maintaining our $66 fair value estimate for the wide-moat bank and believe Wells Fargo's recent troubles will not have long-lasting effects on growth and profitability.