Wells Fargo & Co. Coverage Initiated by Analysts at JPMorgan Chase & Co. (WFC)
Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Wells Fargo & Co. (NYSE:WFC) in a report issued on Friday, Analyst Ratings.Net reports. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale initiated coverage on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Thursday. They set a “hold” rating and a $45.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Wells Fargo & Co. (NYSE:WFC) in a research note to investors on Tuesday. Finally, 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.
Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and one has issued 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 $43.04.
Wells Fargo & Co. (NYSE:WFC) opened at 42.96 on Friday. Wells Fargo & Co. has a 52-week low of $31.25 and a 52-week high of $44.79. The stock’s 50-day moving average is $42.60 and its 200-day moving average is $40.24. The company has a market cap of $228.1 billion and a P/E ratio of 11.64.
Wells Fargo & Co. (NYSE:WFC) last posted its quarterly earnings results on Friday, July 12th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ 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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