Look At Analyst Expectations For A Better Read On Wells Fargo & Co. (NYSE: WFC)

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

The company’s stock has a 5-day price change of 0.19% and 17.49% over the past three months. WFC shares are trading 17.76% year to date (YTD), with the 12-month market performance up to 55.89% higher. It has a 12-month low price of $36.27 and touched a high of $58.44 over the same period. WFC has an average intraday trading volume of 18.95 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 1.71%, 9.58%, and 26.61% respectively.

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Institutional ownership of Wells Fargo & Co. (NYSE: WFC) shares accounts for 77.37% of the company’s 3.60B shares outstanding.

It has a market capitalization of $207.35B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 12.00, while the earnings-per-share (ttm) stands at $4.83. The company has a PEG of 1.80 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 1.48% over the week and 1.74% over the month.

Analysts forecast that Wells Fargo & Co. (WFC) will achieve an EPS of $1.1 for the current quarter, $1.19 for the next quarter and $5.37 for 2025. The lowest estimate earnings-per-share for the quarter is $1.01 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 -1.10%, and 12.35% 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.

Looking at the support for the WFC, a number of firms have released research notes about the stock. Keefe Bruyette stated their Mkt Perform rating for the stock in a research note on March 27, 2024, with the firm’s price target at $56-$62. Deutsche Bank was of a view on January 09, 2024 that the stock is Hold, while Robert W. Baird gave the stock Neutral rating on January 08, 2024, issuing a price target of $55. Odeon on their part issued Buy rating on December 14, 2023.

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