Wells Fargo & Co (WFC) Given Outperform Rating at Evercore ISI
- Author: Anthony Vega Apr 13, 2017,
Apr 13, 2017, 0:37
Large investors have recently modified their holdings of the stock. Princeton Portfolio Strategies Group LLC raised its stake in Wells Fargo & Co by 82.6% in the fourth quarter.
Sell-side analysts have also provided a consensus recommendation of 2.70 on company shares. The stock of Wells Fargo & Co (NYSE:WFC) has "Underperform" rating given on Tuesday, October 4 by Raymond James. Longview Partners Guernsey LTD boosted its stake in shares of Wells Fargo & Co by 2.0% in the third quarter. After having $1.03 EPS previously, Wells Fargo & Co's analysts see -5.83% EPS growth. Sharkey Howes & Javer increased its stake in Wells Fargo & Co by 0.7% in the third quarter. About shares traded. Sprague Resources LP (NYSE:SRLP) has risen 6.88% since September 6, 2016 and is uptrending. Finally, Notis McConarty Edward boosted its stake in shares of Wells Fargo & Co by 0.3% in the third quarter. Wells Fargo & Co has a one year low of $43.55 and a one year high of $59.99. The firm has a market capitalization of $266.55 billion, a P/E ratio of 13.352 and a beta of 0.98.
Receive Wells Fargo & Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company with MarketBeat.com's FREE daily email newsletter. Wells Fargo & Co also was the target of some unusual options trading on Tuesday. Traders purchased 36,842 put options on the company. This is an increase of approximately 233% compared to the typical daily volume of 11,078 put options. Argus reissued a buy rating on shares of Wells Fargo & Co in a research report on Tuesday, January 10th. The financial services provider reported $0.96 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.04. Wells Fargo & Co had a return on equity of 12.60% and a net margin of 23.30%. The company has market cap of $263.95 billion. Alpha Windward LLC now owns 6,453 shares of the financial services provider's stock worth $286,000 after buying an additional 37 shares in the last quarter.
Wells Fargo & Co (NYSE:WFC) is due to report first thing Thursday, April 13th. Shares have dropped -16.24% over the trailing 6 months. If you are accessing this news story on another domain, it was stolen and republished in violation of worldwide copyright and trademark laws. The firm's quarterly revenue was up.0% compared to the same quarter previous year.
WFC has been the subject of several other research reports. Current year EPS projections for Wells Fargo & Co (NYSE:WFC) set at $4.21 according to the sentiments of 30 analysts, while its lowest earnings estimates are $4 and highest earnings estimates are $4.4. Evercore ISI reaffirmed an outperform rating and set a $64.00 price target on shares of Wells Fargo & Co in a research report on Tuesday. $55.30's average target is 3.95% above currents $53.2 stock price. Boston Family Office Ltd Company invested in 32,380 shares or 0.23% of the stock. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings. The stock was sold at an average price of $59.02, for a total value of $6,946,890.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
The company's quick ratio for most recent quarter is 1.00.
Wells Fargo & Company announced a $20 million expansion of the Wells Fargo Innovation Incubator (IN2), a program that advances emerging clean technologies and start-up companies.
AmTrust Financial Services, Inc.
What matters in the earnings report: (i) revenue momentum-loan, deposit, primary checking and credit card account growth; (ii) balance sheet management: liquidity build/deployment, securities portfolio mix shifts and its impact on asset sensitivity and TLAC implementation progress; (iii) evidence that the bank is holding its own in market-related businesses-wealth management, retail brokerage and investment banking; (iv) expense management... we expect an elevated efficiency ratio (~61%) but are equally as interested in branch rationalization progress and any change in management's determination/disposition toward tightening up on spending; (v) stable credit quality and the capacity for additional energy-related loan loss reserve release.