Stocks of Wells Fargo & Co. (NYSE:WFC) traded higher last session on Wall Street, down -0.67% to $41.34.
According to the data, Wells Fargo & Co. (NYSE:WFC) has 28 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $40.75, we find $50.50. Given the previous closing price of $41.62, this indicates a potential upside of 21.34 percent. WFC stock price is now 1.15% away from the 50-day moving average and -1.61% away from the 200-day moving average. The market capitalization of the company currently stands at $150.13B.
A total of 10 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $49.95 as their price target over the next twelve months.
With the price target of $45, HSBC Securities recently initiated with Hold rating for Wells Fargo & Co. (NYSE: WFC).
In other news, Norwood Felicia F, Director bought 77 shares of the company’s stock on Mar 16. The stock was bought for $1,451 at an average price of $18.85. Upon completion of the transaction, the Director now directly owns 228 shares in the company, valued at $9425.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23, Sr. Executive Vice President Santos Kleber sold 34,698 shares of the business’s stock. A total of $1,605,476 was realized by selling the stock at an average price of $46.27. This leaves the insider owning 19,590 shares of the company worth $0.81 million. Insiders disposed of 911,655 shares of company stock worth roughly $37.69 million over the past 1 year. A total of 0.13% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $41.79 for Wells Fargo & Co. (NYSE: WFC). During the past 12 months, Wells Fargo & Co. has had a low of $35.25 and a high of $48.84. The fifty day moving average price for WFC is $40.87 and a two-hundred day moving average price translates $42.02 for the stock.
The latest earnings results from Wells Fargo & Co. (NYSE: WFC) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.48, beating analysts’ expectations of $1.24 by 0.24. This compares to $0.86 EPS in the same period last year. The net profit margin was 13.22% and return on equity was 10.40% for WFC. The company reported revenue of $22.09 billion for the quarter, compared to $14.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.43 percent. For the current quarter, analysts expect WFC to generate $20.35B in revenue.
