Weekly Analysts’ Ratings Updates for Wells Fargo & Co (WFC)

A number of firms have modified their ratings and price targets on shares of Wells Fargo & Co (NYSE: WFC) recently:

  • 2/12/2018 – Wells Fargo & Co was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $54.78 price target on the stock.
  • 2/10/2018 – Wells Fargo & Co was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Shares of Wells Fargo underperformed the industry over the last six months. Yet, the company has a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate for earnings in two out of the trailing four quarters. Wells Fargo’s fourth-quarter 2017 adjusted earnings improved from the prior-year quarter. Notably, results recorded tax benefit related to the Tax Cuts & Jobs Act. Recently, Wells Fargo has been slapped with new sanctions including a cap on the assets position for the past misconducts by the Federal Reserve. Moreover, Moody’s has downgraded the rating outlook of the bank to negative. While the current crisis related to the revelation of illegally opening millions of illegal accounts in 2016 at the company will take some time to alleviate, we believe consistent growth in loans and deposits, lower tax rate and expansions will likely support its growth profile.”
  • 2/6/2018 – Wells Fargo & Co had its “average” rating reaffirmed by analysts at Morgan Stanley. They now have a $400.00 price target on the stock, up previously from $1.95.
  • 2/5/2018 – Wells Fargo & Co was given a new $63.00 price target on by analysts at UBS Group AG. They now have a “hold” rating on the stock.
  • 2/5/2018 – Wells Fargo & Co was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $54.78 price target on the stock.
  • 2/5/2018 – Wells Fargo & Co had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $68.50 price target on the stock.
  • 2/5/2018 – Wells Fargo & Co had its price target lowered by analysts at Bank of America Corp from $70.00 to $69.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Wells Fargo & Co had its price target lowered by analysts at Nomura from $79.00 to $76.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Wells Fargo & Co was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating.
  • 2/5/2018 – Wells Fargo & Co was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to an “underperform” rating.
  • 2/5/2018 – Wells Fargo & Co was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $65.00 price target on the stock.
  • 2/5/2018 – Wells Fargo & Co was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating.
  • 2/5/2018 – Wells Fargo & Co had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $60.00 price target on the stock.
  • 2/4/2018 – Wells Fargo & Co was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $63.00 price target on the stock.
  • 2/2/2018 – Wells Fargo & Co had its price target raised by analysts at Morgan Stanley from $72.00 to $75.00. They now have an “overweight” rating on the stock.
  • 1/16/2018 – Wells Fargo & Co had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 1/16/2018 – Wells Fargo & Co had its price target raised by analysts at Royal Bank of Canada to $65.00. They now have an “outperform” rating on the stock.
  • 1/10/2018 – Wells Fargo & Co was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating. They now have a $64.00 price target on the stock.
  • 1/9/2018 – Wells Fargo & Co was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock, up previously from $62.04.
  • 1/8/2018 – Wells Fargo & Co was downgraded by analysts at Vetr from a “strong-buy” rating to a “sell” rating. They now have a $55.47 price target on the stock.
  • 1/8/2018 – Wells Fargo & Co had its “buy” rating reaffirmed by analysts at Vining Sparks. They now have a $75.00 price target on the stock.
  • 1/4/2018 – Wells Fargo & Co had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $59.00 price target on the stock.
  • 1/3/2018 – Wells Fargo & Co was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $69.00 price target on the stock, up previously from $64.00.
  • 1/2/2018 – Wells Fargo & Co had its price target raised by analysts at Barclays PLC from $65.00 to $75.00. They now have an “overweight” rating on the stock.
  • 12/21/2017 – Wells Fargo & Co was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $75.00 price target on the stock, up previously from $57.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/19/2017 – Wells Fargo & Co was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Wells Fargo have underperformed the industry over the last six months. However, the company has an impressive earnings surprise history. The company surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Wells Fargo plans $4 billion of cost cuts by 2019. Further, rising rates are easing margin pressure to an extent. Notably, following the recent Federal Reserve interest rate hike by 25 bps, Wells Fargo raised its prime lending rate from 4.25% to 4.50%. While the current crisis related to the revelation of illegally opening millions of illegal accounts last year at the company will take some time to alleviate, we believe that consistent growth in loans and deposits and expansions will likely support its growth profile.”

Shares of Wells Fargo & Co (NYSE WFC) opened at $56.13 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 0.90. The stock has a market cap of $276,400.00, a PE ratio of 13.59, a PEG ratio of 1.47 and a beta of 1.01. Wells Fargo & Co has a 12 month low of $49.27 and a 12 month high of $66.31.

Wells Fargo & Co (NYSE:WFC) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The business had revenue of $22.05 billion for the quarter, compared to the consensus estimate of $22.64 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Wells Fargo & Co’s revenue was up 2.2% compared to the same quarter last year. research analysts forecast that Wells Fargo & Co will post 4.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, February 1st. Wells Fargo & Co’s dividend payout ratio is 37.77%.

In related news, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.90, for a total transaction of $3,983,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael J. Loughlin sold 17,482 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 184,482 shares of company stock worth $10,471,050. 0.22% of the stock is owned by insiders.

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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