Wells Fargo & Co. (NYSE:WFC) shares traded 0.22% higher at $45.12 on Wall Street last session.
In accordance with the data, 28 analysts cover Wells Fargo & Co. (NYSE:WFC). 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 $45.02, this indicates a potential upside of 12.17 percent. WFC stock price is now 9.91% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $163.86B.
It has been rated a hold by 10 analysts and a buy by 15. Brokers who have rated the stock have averaged $50.24 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, DAVIS RICHARD K, Director bought 3,500 shares of the company’s stock on Nov 09. The stock was bought for $144,270 at an average price of $41.22. Upon completion of the transaction, the Director now directly owns 4,244 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Director Norwood Felicia F bought 77 shares of the business’s stock. A total of $1,451 was incurred on buying the stock at an average price of $18.85. This leaves the insider owning 228 shares of the company worth $10287.36. Insiders disposed of 983,552 shares of company stock worth roughly $44.38 million over the past 1 year. A total of 0.13% of the company’s stock is owned by insiders.
Wells Fargo & Co. (NYSE: WFC) opened at $44.71 on Monday. 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 $41.05 and a two-hundred day moving average price translates $41.60 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 13.58% 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 $20.34B in revenue.
