Wells Fargo & Co (NYSE:WFC) fell -0.37% during previous trade. Credit Suisse issued rating on the stock of Wells Fargo & Co (NYSE:WFC) in a research note issued to investors on Feb-16-17, the stock received “Downgrade” rating from Outperform to Neutral. Additionally Argus issued their verdict on the stock of the company, on record date of Jan-18-17 the stock was “Downgraded” from Buy to Hold besides that on Jan-11-17 Wells Fargo & Co (NYSE:WFC) was “Resumed” by UBS as Neutral at $58. Furthermore on Jan-03-17 the stock was “Reiterated” by Barclays as Overweight from $56 to $65.
Wells Fargo & Co (NYSE:WFC) shares ended last trading session at the price of $58.12 whereas a number of traders indicating mean target price will hit $58.25 over the next twelve months, mean value of price target most recently revised on 2/1/16. Wells Fargo & Co (NYSE:WFC)’s highest estimates of price target are $65 and low forecast is $45 based on the opinion of 30 analysts. The price target estimates represents a standard deviation of 6.57. However brokerage recommendations suggests an ABR of 2.62 based on calls of 26 experts, where 8 brokers polls the stock a Strong Buy, 2 suggest the stock a Buy, 12 suggest Hold, 0 are rating the stock as Sell while 4 as Strong Sell.
Wells Fargo & Co (NYSE:WFC) is expected to release the earnings of its current quarter on 4/13/17. The company is expected to release $0.96 EPS for current quarter according to 29 analysts whereas the company reported $0.99 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.89 and high estimate of $1.03. For the current year Wells Fargo & Co (NYSE:WFC) has set to release EPS of $4.19 as per the sentiments of 32 analysts, however according to 31 analysts, the company expected to release $4.59 EPS for next year.
Wells Fargo & Co (NYSE:WFC)’s average revenue estimates for the current quarter are $22.28B according to 21 number of analysts. However its lowest revenue estimates are $21.72B and highest revenue estimates are $22.83B. A year ago the company’s sales were $22.2B. Its yearly sales growth estimates are 0.40%. For the next quarter the company has anticipated average revenues of $22.81B, according to the sentiments of 21 analysts. For the current year the company has fixed $91.87B revenues, as per the opinion of 24 analysts. For the current year the company has low revenue estimates of $89.79B in contradiction of high revenue estimates of $93.91B. Whereas for the next year revenues are set at $96.29B by 23 analysts.
The stock exchanged hands 14.69M shares versus average trading capacity of 19.95M shares, while its shares’ total market worth is $294.77B along with 5.02B outstanding shares. Wells Fargo & Co (NYSE:WFC) shares were trading -1.51% below from the 52-week high price mark of $59.01 and +35.48% above from the 52-week price bottom of $42.90. However the company observed 52 week high price on 2/15/17 and witnessed 52 week low price on 10/04/16. The company’s price sits 4.77% above from its 50-day moving average of $55.74 and 17.87% far from the stock’s 200-day moving average which is $50.47. Wells Fargo & Co (NYSE:WFC)’s price to sales ratio for trailing twelve month stands at 5.44, whereas its price to book ratio for most recent quarter sits at 1.67. However the company’s price to cash per share for most recent quarter stands at 0.81.