Shares of Wells Fargo & Co (NYSE:WFC) have received a consensus recommendation of “Hold” from the twenty-seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.16.

A number of research firms have issued reports on WFC. Zacks Investment Research raised Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Saturday. Morgan Stanley raised Wells Fargo & Co from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $57.00 to $62.00 in a research report on Monday, July 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $57.00 price target on shares of Wells Fargo & Co in a research report on Thursday, April 5th. Vetr raised Wells Fargo & Co from a “sell” rating to a “hold” rating and set a $54.10 price target for the company in a research report on Thursday, April 5th. Finally, UBS Group raised Wells Fargo & Co from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, April 5th.

Shares of NYSE:WFC traded down $0.55 during midday trading on Friday, reaching $56.07. The company’s stock had a trading volume of 15,611,811 shares, compared to its average volume of 20,944,676. The company has a market cap of $276.91 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.53 and a beta of 1.14. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.27. Wells Fargo & Co has a 1 year low of $49.27 and a 1 year high of $66.31.

Wells Fargo & Co (NYSE:WFC) last announced its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.05. The business had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $21.74 billion. Wells Fargo & Co had a return on equity of 12.46% and a net margin of 22.80%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 earnings per share. sell-side analysts expect that Wells Fargo & Co will post 4.58 earnings per share for the current fiscal year.

In other Wells Fargo & Co news, EVP Petros G. Pelos sold 25,567 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $54.76, for a total transaction of $1,400,048.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.09% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Vigilant Capital Management LLC increased its holdings in Wells Fargo & Co by 100.3% in the second quarter. Vigilant Capital Management LLC now owns 5,429 shares of the financial services provider’s stock valued at $301,000 after buying an additional 2,719 shares during the last quarter. Bremer Trust National Association increased its holdings in Wells Fargo & Co by 93.2% in the second quarter. Bremer Trust National Association now owns 67,927 shares of the financial services provider’s stock valued at $3,766,000 after buying an additional 32,773 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in Wells Fargo & Co by 8.0% in the second quarter. First Citizens Bank & Trust Co. now owns 101,500 shares of the financial services provider’s stock valued at $5,627,000 after buying an additional 7,553 shares during the last quarter. Gibraltar Capital Management Inc. increased its holdings in Wells Fargo & Co by 2.3% in the second quarter. Gibraltar Capital Management Inc. now owns 84,587 shares of the financial services provider’s stock valued at $4,690,000 after buying an additional 1,935 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Wells Fargo & Co by 0.5% in the second quarter. Raymond James Trust N.A. now owns 288,562 shares of the financial services provider’s stock valued at $15,998,000 after buying an additional 1,436 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

About Wells Fargo & Co

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.

Analyst Recommendations for Wells Fargo & Co (NYSE:WFC)

Receive News & Ratings for Wells Fargo & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Co and related companies with MarketBeat.com's FREE daily email newsletter.