Wells Fargo & Co. Given “Buy” Rating at TheStreet (WFC)
Wells Fargo & Co. (NYSE:WFC)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Tuesday, Analyst Ratings Network reports.
The analysts wrote, “Wells Fargo (WFC) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Several other analysts have also recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Wells Fargo & Co. in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Macquarie downgraded shares of Wells Fargo & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Guggenheim cut their price target on shares of Wells Fargo & Co. from $54.00 to $50.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Wells Fargo & Co. has a consensus rating of “Hold” and an average target price of $43.31.
Wells Fargo & Co. (NYSE:WFC) traded down 0.05% on Tuesday, hitting $40.60. The stock had a trading volume of 5,963,684 shares. Wells Fargo & Co. has a one year low of $31.25 and a one year high of $44.79. The stock’s 50-day moving average is $41.94 and its 200-day moving average is $40.70. The company has a market cap of $215.6 billion and a price-to-earnings ratio of 11.01.
Wells Fargo & Co. (NYSE:WFC) last released its earnings data on Friday, October 11th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.97.
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.