Brokerage Firm Rating on Wells Fargo & Company (WFC)

Wells Fargo & Company (WFC) : The consensus on Wells Fargo & Company (WFC) based on 24 analyst recommendation on the company stock is 2.13, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Wells Fargo & Company (WFC) : The consensus price target for Wells Fargo & Company (WFC) is $54.83 for the short term with a standard deviation of $5.97. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $64, however, the pessimist price target for the company is $45.


For the current week, the company shares have a recommendation consensus of Buy. Wells Fargo & Company (NYSE:WFC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.23 and $47.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.24, notching a gain of 0.12% for the day. The total traded volume was 14,614,072 . The stock had closed at $48.18 on the previous day.

In a related news, Pena Federico F, director of Wells Fargo & Company/Mn, executed a transaction worth $4,208 on March 11, 2016. A total of 085 shares were purchased at an average price of $49.5. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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