Wells Fargo & Company (NYSE:WFC) shares traded -0.1% down during most recent session to reach at the closing price of $47.75. The stock exchanged hands 16.21 Million shares versus average trading capacity of 25.24 Million shares, yielding a market cap of $228.44 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $61.26 within the next 52-weeks. The mean target projections are based on 27 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Wells Fargo & Company (NYSE:WFC) high price target of $70 and with a conservative view have low price target of $46.5.
RBC Capital “Upgrades” Wells Fargo & Company (NYSE:WFC) in a research note issued to investors on 1/02/19 to Sector Perform with price target of $0.
Additionally on 12/07/18 Credit Suisse “Maintained” Wells Fargo & Company (NYSE:WFC) to Neutral setting price target at $60 and on 10/15/18 Nomura “Maintained” the stock to Buy at $63. Furthermore on 10/15/18 Macquarie “Upgrades” the stock to Outperform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 48.5 along with Average True Range (ATR 14) of 1.32, Consequently Wells Fargo & Company (NYSE:WFC)’s weekly and monthly volatility is 1.90%, 2.91% respectively. The company’s beta value is at 1.09.
In terms of Buy, Sell or Hold recommendations, Wells Fargo & Company (NYSE:WFC) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Wells Fargo & Company (NYSE:WFC)’s minimum EPS for the current quarter is at $1.11 and can go high up to $1.3. The consensus mean EPS for the current quarter is at $1.19 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.97 earnings per share for the same quarter during last year.
Previously Wells Fargo & Company (NYSE:WFC) reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $-0.04. The company posted an earnings surprise of -3.4%.
Wells Fargo & Company (NYSE:WFC)’s revenue estimates for the current quarter are $21.62 Billion according to 22 number of analysts, for the current quarter the company has high revenue estimates of $22.55 Billion in contradiction of low revenue estimates of $21.09 Billion. For the current year the company’s revenue estimates are $86.59 Billion compared to low analyst estimates of $84.23 Billion and high estimates of $88.06 Billion according to 24 number of analysts.
Currently Wells Fargo & Company (NYSE:WFC)’s shares owned by insiders are 77.8%, whereas shares owned by institutional owners are 78%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.01%.
Wells Fargo & Company (NYSE:WFC)’s trailing twelve month revenues are $62.64 Billion, whereas its price to sales ratio for the same period is 3.65. Its book value per share for the most recent quarter is $36.63 while its price to book ratio for the same period is 1.3, as for as the company’s cash per share for the most recent quarter is $77.33, however its price to cash per share ratio for the same period is 0.62. The stock has 5 year expected PEG ratio of 1.16 whereas its trailing twelve month P/E ratio is 12.66.