Wells Fargo & Co. Target of Unusually Large Options Trading (WFC)
Wells Fargo & Co. (NYSE:WFC) was the recipient of some unusual options trading activity on Monday. Investors bought 22,720 put options on the stock, Analyst Ratings Network reports. This is an increase of 147% compared to the average daily volume of 9,204 put options.
WFC has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Friday, September 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Wednesday, August 28th. They now have a $43.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Wells Fargo & Co. currently has a consensus rating of “Hold” and a consensus target price of $42.96.
Shares of Wells Fargo & Co. (NYSE:WFC) traded up 1.66% on Monday, hitting $42.89. The stock had a trading volume of 19,328,978 shares. Wells Fargo & Co. has a 1-year low of $31.25 and a 1-year high of $44.79. The stock’s 50-day moving average is $42.6 and its 200-day moving average is $40.11. The company has a market cap of $227.7 billion and a P/E ratio of 11.43.
Wells Fargo & Co. (NYSE:WFC) last issued its quarterly earnings data on Friday, July 12th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $21.21 billion. During the same quarter last year, the company posted $0.82 earnings per share. Wells Fargo & Co.’s revenue was up .5% compared to the same quarter last year. Analysts expect that Wells Fargo & Co. will post $3.84 EPS for the current fiscal year.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
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