Analyst Rating Update on Wells Fargo & Company (WFC)

Wells Fargo & Company (WFC) has an average broker rating of 2.13, which is interpreted as a Buy, as rated by 24 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Wells Fargo & Company (WFC) : Currently there are 18 street experts covering Wells Fargo & Company (WFC) stock. The most bullish and bearish price target for the stock is $64 and $45 respectively for the short term. The average price target of all the analysts comes to $54.83. The estimated standard deviation from the target is $5.97.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on Wells Fargo & Company (NYSE:WFC). In the latest research report, Barclays lowers the target price from $63 per share to $61 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 18, 2016.


Wells Fargo & Company (NYSE:WFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.33 and $47.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.57, notching a gain of 0.53% for the day. The total traded volume was 14,913,525 . The stock had closed at $47.32 on the previous day.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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