Evercore ISI Indicates Potential 19.69% Increase In Shares Of Wells Fargo & Company

13 April, 2017, 02:33 | Author: Malcolm Fuller
  • Goldman

Finally, Deutsche Bank AG reissued a buy rating on shares of Wells Fargo & Co in a research report on Friday, December 23rd.

The number of shares now held by investors is 5 Billion.

WFC has been the topic of a number of recent research reports. The stock presently has an average rating of "Hold" and an average target price of $54.37. $55.30's average target is 2.10% above currents $54.16 stock price.

Historically, if we look at price target revisions, two weeks ago Wells Fargo & Co (NYSE:WFC)'s price target was revised on 3/21/17 by the analysts, however the bullish price estimates of the stock set at $65 while the bearish estimates kept at $44 over the next one year.

According to a report issued to investors by Piper Jaffray on Tuesday, shares of Wells Fargo & Company (NYSE:WFC) had their rating upgraded by analysts to "Neutral".

The company's price sits -5.14% below from its 50-day moving average of $57.21 and 6.06% above from the stock's 200-day moving average which is $53.18.

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There are now 5,003,367,000 shares in issue with a current share value of 53.38 giving Wells Fargo & Company a market capitalisation of 267.05B United States dollars. About shares traded. Wells Fargo & Co (NYSE:WFC) has risen 8.34% since September 6, 2016 and is uptrending. The firm has "Outperform" rating given on Monday, April 11 by RBC Capital Markets. The stock of Wells Fargo & Co (NYSE:WFC) earned "Overweight" rating by Barclays Capital on Monday, July 18. Wells Fargo & Co also was the recipient of unusually large options trading activity on Tuesday. Investors bought 36,842 put options on the stock. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings.

Wells Fargo & Co (NYSE:WFC) last announced its earnings results on Friday, January 13th. The company is expecting to attain earnings per share (EPS) growth of -3.20% in this year and the earnings per share (EPS) growth estimated to be 9.46% in the next year. It dived, as 112 investors sold Wells Fargo & Co shares while 836 reduced holdings. The business had revenue of $21.60 billion for the quarter. During the same quarter a year ago, the business posted $1.03 EPS. Equities research analysts forecast that Wells Fargo & Co will post $4.21 EPS for the current fiscal year.

WARNING: This piece of content was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation. Robert W. Baird reissued a buy rating and issued a $58.00 price target on shares of Wells Fargo & Co in a research report on Tuesday, January 10th.

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.50. The shares were sold at an average price of $59.02, for a total transaction of $6,946,890.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. A bullish investor could look at WFC's 29.2 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Valley Natl Advisers owns 2.62% invested in Wells Fargo & Co (NYSE:WFC) for 103,597 shares. Da Davidson And invested in 83 shares or 0% of the stock. Asset stated it has 0.89% of its portfolio in Wells Fargo & Co (NYSE:WFC).

During last 5 trades the stock sticks nearly -1.88%. Ashfield Prtnrs Ltd invested 0.59% of its portfolio in Wells Fargo & Co (NYSE:WFC). AQR Capital Management LLC now owns 9,439,158 shares of the financial services provider's stock valued at $520,192,000 after buying an additional 2,916,320 shares during the last quarter. Inc. increased its position in shares of Wells Fargo & Co by 2.7% in the third quarter. Bangor Bancorp invested in 0.51% or 38,940 shares. Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.

AmTrust Financial Services, Inc. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

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