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Wells Fargo & Co. (NYSE: WFC) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $43.00 price target on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 3.97% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on WFC. Analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. in a research note to investors on Wednesday, June 26th. Separately, analysts at Jefferies Group raised their EPS on shares of Wells Fargo & Co. in a research note to investors on Friday, June 14th. They now have a “buy” rating and a $44.00 price target on the stock. They previously had a $42.00 price target on the stock. Finally, analysts at Sterne Agee downgraded shares of Wells Fargo & Co. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, June 14th. They now have a $42.00 price target on the stock.

One analyst has rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wells Fargo & Co. currently has an average rating of “Hold” and an average price target of $41.16.

Shares of Wells Fargo & Co. (NYSE: WFC) traded up 0.34% during mid-day trading on Monday, hitting $41.50. Wells Fargo & Co. has a 52 week low of $31.25 and a 52 week high of $41.96. The stock’s 50-day moving average is currently $40.41. The company has a market cap of $219.8 billion and a P/E ratio of 11.72.

Wells Fargo & Co. (NYSE: WFC) last issued its quarterly earnings data on Friday, April 12th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.04. The company had revenue of $21.26 billion for the quarter, compared to the consensus estimate of $21.59 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that Wells Fargo & Co. will post $3.72 EPS for the current fiscal year.

Wells Fargo & Company is a bank holding company. It has three operating segments: Community Banking Wholesale Banking and Wealth, Brokerage and Retirement.

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