Wells Fargo & Company (WFC) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 10 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 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Wells Fargo & Company (WFC) : Average target price received by Wells Fargo & Company (WFC) is $54.59 with an expected standard deviation of $6.06. The most aggressive target on the stock is $64, whereas the most downbeat target is $45. 17 financial analysts are currently covering the stock.
Also, Major Brokerage house, Rafferty downgrades its ratings on Wells Fargo & Company (NYSE:WFC). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on September 9, 2016.
Wells Fargo & Company (NYSE:WFC): The stock opened in the green at $46.12 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $46.35 and a low of $45.19 for the day. The stock did not find buyers even at the lows and closed at $46.15 recording a loss of -0.80%. 61,190,519 shares exchanged hands during the trading day. The stock had closed at $46.52 in the previous days trading.
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.