Wells Fargo & Company (NYSE:WFC)‘s stock had its “sell” rating reiterated by analysts at Raymond James Financial, Inc. in a research report issued to clients and investors on Wednesday.

Other equities analysts also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating and set a $50.00 target price (down from $59.00) on shares of Wells Fargo & Company in a research report on Friday, September 16th. Vetr raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $47.92 target price on the stock in a research report on Monday, September 19th. Bank of America Corporation set a $50.00 target price on shares of Wells Fargo & Company and gave the stock a “buy” rating in a research report on Monday, September 19th. Credit Suisse Group lowered their target price on shares of Wells Fargo & Company from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, September 23rd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $56.00 target price on shares of Wells Fargo & Company in a research report on Friday, September 23rd. Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company’s stock. Wells Fargo & Company has an average rating of “Hold” and a consensus price target of $50.59.

Analyst Recommendations for Wells Fargo & Company (NYSE:WFC)

Shares of Wells Fargo & Company (NYSE:WFC) traded up 0.0178% during mid-day trading on Wednesday, reaching $54.6297. The company’s stock had a trading volume of 5,975,421 shares. The company has a 50 day moving average price of $54.87 and a 200 day moving average price of $49.25. Wells Fargo & Company has a 12 month low of $43.55 and a 12 month high of $58.02. The stock has a market capitalization of $274.37 billion, a P/E ratio of 13.5558 and a beta of 0.99.

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Wells Fargo & Company (NYSE:WFC) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. The firm had revenue of $22.30 billion for the quarter. Wells Fargo & Company had a net margin of 23.91% and a return on equity of 12.72%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. On average, equities research analysts anticipate that Wells Fargo & Company will post $4.03 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Banced Corp raised its stake in Wells Fargo & Company by 13.1% in the second quarter. Banced Corp now owns 13,166 shares of the financial services provider’s stock valued at $676,000 after buying an additional 1,522 shares during the last quarter. River & Mercantile Asset Management LLP raised its stake in Wells Fargo & Company by 83.0% in the second quarter. River & Mercantile Asset Management LLP now owns 97,206 shares of the financial services provider’s stock valued at $4,603,000 after buying an additional 44,100 shares during the last quarter. Trust Co. of Oklahoma raised its stake in Wells Fargo & Company by 4.0% in the second quarter. Trust Co. of Oklahoma now owns 9,090 shares of the financial services provider’s stock valued at $430,000 after buying an additional 350 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Wells Fargo & Company by 6.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 560,221 shares of the financial services provider’s stock valued at $26,515,000 after buying an additional 31,500 shares during the last quarter. Finally, Heritage Investors Management Corp raised its stake in Wells Fargo & Company by 5.5% in the second quarter. Heritage Investors Management Corp now owns 256,470 shares of the financial services provider’s stock valued at $12,139,000 after buying an additional 13,312 shares during the last quarter. 72.63% of the stock is owned by institutional investors.

Wells Fargo & Company Company Profile

Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

5 Day Chart for NYSE:WFC

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