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

Apr 13, 2017, 01:39

Ashfield Prtnrs Ltd invested 0.59% of its portfolio in Wells Fargo & Co (NYSE:WFC).

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Menora Mivtachim Holdings LTD.'s holdings in Wells Fargo & Co were worth $138,000 at the end of the most recent reporting period. It worsened, as 112 investors sold WFC shares while 836 reduced holdings. Tracking most recent quarter period, Price to book (P/B) ration is at 3.46 and Price to cash per share ration is at 11.32. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Wells Fargo & Co by 0.4% in the third quarter. Alpha Windward LLC now owns 6,453 shares of the financial services provider's stock valued at $286,000 after buying an additional 37 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in shares of Wells Fargo & Co by 0.6% in the fourth quarter. Teachers Advisors LLC boosted its stake in shares of Wells Fargo & Co by 1.4% in the third quarter. Tightening the gaze, stock performance for the last 5 trading days is -1.88%. Finally, Deutsche Bank AG reissued a buy rating on shares of Wells Fargo & Co in a research report on Friday, December 23rd.

According to consensus agreement of 28 analysts Wells Fargo & Co (NYSE:WFC) will report earnings per share of $0.97 in their quarterly report and it is expected to announce the company's results on 4/13/17 Before Market Open. Wells Fargo & Co has a 1-year low of $43.55 and a 1-year high of $59.99. The firm's stock has a market capitalization of $273.63 bln. The company's 50-day moving average is $57.12 and its 200-day moving average is $53.24. Wells Fargo & Company has $67 highest and $44 lowest target.

On the options front, volume was above average on Tuesday, with about 14.1 million calls and 14.4 million puts crossing the tape. This is an increase of approximately 233% compared to the typical volume of 11,078 put options.

Presently Wells Fargo & Company (NYSE:WFC) stock have an ABR of 2.50. After having $1.03 EPS previously, Wells Fargo & Co's analysts see -5.83% EPS growth. Guggenheim upgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, July 29 to "Buy" rating.

The company reported an impressive total revenue of 0 in the last fiscal year. Comerica Bancorporation reported 0.63% of its portfolio in Wells Fargo & Co (NYSE:WFC). Equities research analysts expect that Wells Fargo & Co will post $4.21 EPS for the current year. Ibm Retirement Fund invested 1.05% in Wells Fargo & Co (NYSE:WFC). If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation.

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Several research analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a "hold" rating and issued a $62.00 price objective on shares of Wells Fargo & Co in a research report on Wednesday, April 5th. Zacks Investment Research cut Wells Fargo & Co from a "buy" rating to a "hold" rating in a research note on Monday, February 6th.

Pfizer Inc. (PFE) stock price tumbled -0.32% to finalize at $33.93 throughout previous buying and selling session.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The median estimate represents a 10.78% increase from the last price.

In related news, insider David M. Carroll sold 117,704 shares of Wells Fargo & Co stock in a transaction dated Friday, March 3rd. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions.

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