Wells Fargo & Co. (NYSE: WFC) Loses -1.06% From High. Why That Could Change?

Currently, there are 3.60B common shares owned by the public and among those 3.57B shares have been available to trade.

However, the script later moved the day high at 57.54, up 0.12%. The company’s stock has a 5-day price change of 3.65% and 28.25% over the past three months. WFC shares are trading 15.95% year to date (YTD), with the 12-month market performance up to 30.18% higher. It has a 12-month low price of $35.25 and touched a high of $57.68 over the same period. WFC has an average intraday trading volume of 19.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.83%, 12.85%, and 27.83% respectively.

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Institutional ownership of Wells Fargo & Co. (NYSE: WFC) shares accounts for 77.38% of the company’s 3.60B shares outstanding.

It has a market capitalization of $204.16B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 11.82, while the earnings-per-share (ttm) stands at $4.83. The company has a PEG of 1.77 and the debt-to-equity ratio at 1.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.19% over the week and 2.18% over the month.

Analysts forecast that Wells Fargo & Co. (WFC) will achieve an EPS of $1.1 for the current quarter, $1.18 for the next quarter and $5.33 for 2025. The lowest estimate earnings-per-share for the quarter is $0.95 while analysts give the company a high EPS estimate of $1.25. Comparatively, EPS for the current quarter was $1.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.19%, and 12.14% over the next financial year. EPS should grow at an annualized rate of 6.67% over the next five years, compared to 2.48% over the past 5-year period.

Deutsche Bank coverage for the Wells Fargo & Co. (WFC) stock in a research note released on January 09, 2024 offered a Hold rating with a price target of $51. HSBC Securities on their part issued Hold rating on September 07, 2023.

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