Wells Fargo & Company (NYSE:WFC) Earns Market Perform Rating from Oppenheimer

Wells Fargo & Company (NYSE:WFC)‘s stock had its “market perform” rating reaffirmed by research analysts at Oppenheimer in a research report issued on Monday, Benzinga reports.

Several other brokerages have also recently weighed in on WFC. Evercore ISI lifted their price target on Wells Fargo & Company from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price on shares of Wells Fargo & Company in a research note on Monday, January 8th. Barclays raised their price target on shares of Wells Fargo & Company from $54.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Jefferies Financial Group lifted their price objective on shares of Wells Fargo & Company from $52.00 to $60.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Compass Point reissued a “neutral” rating and set a $64.00 target price on shares of Wells Fargo & Company in a research note on Tuesday, April 9th. Thirteen research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wells Fargo & Company currently has a consensus rating of “Hold” and a consensus price target of $58.85.

Wells Fargo & Company Trading Down 1.0 %

Shares of Wells Fargo & Company stock opened at $56.40 on Monday. The stock has a market cap of $199.68 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The firm has a fifty day moving average price of $55.25 and a 200 day moving average price of $48.55. Wells Fargo & Company has a 1 year low of $36.40 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $20.86 billion during the quarter, compared to analyst estimates of $20.19 billion. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. Equities research analysts predict that Wells Fargo & Company will post 4.68 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WFC. Core Wealth Advisors Inc. acquired a new position in shares of Wells Fargo & Company during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new position in Wells Fargo & Company during the fourth quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new position in Wells Fargo & Company during the fourth quarter worth $29,000. Fortis Group Advisors LLC acquired a new stake in shares of Wells Fargo & Company in the 3rd quarter worth $25,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Wells Fargo & Company during the 4th quarter worth $32,000. 75.90% of the stock is owned by institutional investors and hedge funds.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.