Wells Fargo & Co (NYSE:WFC) fell -0.47% during previous trade. Keefe Bruyette issued rating on the stock of Wells Fargo & Co (NYSE:WFC) in a research note issued to investors on Oct-17-16, the stock received “Downgrade” rating from Outperform to Mkt Perform. Additionally Raymond James issued their verdict on the stock of the company, on record date of Oct-04-16 the stock was “Downgraded” from Mkt Perform to Underperform besides that on Sep-27-16 Wells Fargo & Co (NYSE:WFC) was “Reiterated” by FBR & Co. as Outperform from $63 to $50. Furthermore on Sep-22-16 the stock was “Reiterated” by Deutsche Bank as Buy from $59 to $50.
Wells Fargo & Co (NYSE:WFC) shares ended last trading session at the price of $44.50 whereas a number of traders indicating mean target price will hit $50.14 over the next twelve months, mean value of price target most recently revised on 10/12/16. Wells Fargo & Co (NYSE:WFC)’s highest estimates of price target are $58.00 and low forecast is $40.00 based on the opinion of 29 analysts. The price target estimates represents a standard deviation of 5.89. However brokerage recommendations suggests an ABR of 2.16 based on calls of 25 experts, where 12 brokers polls the stock a Strong Buy, 3 suggest the stock a Buy, 7 suggest Hold, 0 are rating the stock as Sell while 3 as Strong Sell.
Wells Fargo & Co (NYSE:WFC) is expected to release the earnings of its current quarter on 10/14/16 Before Market Open. The company is expected to release $1.01 EPS for current quarter according to 30 analysts whereas the company reported $1.05 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $0.94 and high estimate of $1.04. For the current year Wells Fargo & Co (NYSE:WFC) has set to release EPS of $4.02 as per the sentiments of 29 analysts, however according to 32 analysts, the company expected to release $4.15 EPS for next year.
Wells Fargo & Co (NYSE:WFC)’s average revenue estimates for the current quarter are $22.22B according to 23 number of analysts. However its lowest revenue estimates are $21.73B and highest revenue estimates are $22.65B. A year ago the company’s sales were $21.88B. Its yearly sales growth estimates are 1.60%. For the next quarter the company has anticipated average revenues of $22.29B, according to the sentiments of 22 analysts. For the current year the company has fixed $88.71B revenues, as per the opinion of 26 analysts. For the current year the company has low revenue estimates of $85.59B in contradiction of high revenue estimates of $90.27B. Whereas for the next year revenues are set at $91.18B by 26 analysts.
The stock exchanged hands 18.86M shares versus average trading capacity of 36.00M shares, while its shares’ total market worth is $224.33B along with 5.02B outstanding shares. Wells Fargo & Co (NYSE:WFC) shares were trading -19.15% below from the 52-week high price mark of $55.04 and +2.18% above from the 52-week price bottom of $43.55. However the company observed 52 week high price on 11/06/15 and witnessed 52 week low price on 10/04/16. The company’s price sits -5.82% below from its 50-day moving average of $46.67 and -7.05% away from the stock’s 200-day moving average which is $48.06. Wells Fargo & Co (NYSE:WFC)’s price to sales ratio for trailing twelve month stands at 4.39, whereas its price to book ratio for most recent quarter sits at 1.27. However the company’s price to cash per share for most recent quarter stands at 0.53. Its price to free cash flow for trailing twelve months is 51.73.