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 3.54B shares have been available to trade.

The company’s stock has a 5-day price change of -1.62% and 15.15% over the past three months. WFC shares are trading 14.73% year to date (YTD), with the 12-month market performance up to 44.09% higher. It has a 12-month low price of $36.40 and touched a high of $58.44 over the same period. WFC has an average intraday trading volume of 18.75 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 -1.46%, 3.51%, and 21.29% respectively.

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Institutional ownership of Wells Fargo & Co. (NYSE: WFC) shares accounts for 78.20% of the company’s 3.60B shares outstanding.

It has a market capitalization of $199.93B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 11.78, while the earnings-per-share (ttm) stands at $4.80. The company has a PEG of 1.77 and the debt-to-equity ratio at 1.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.03% over the week and 1.77% over the month.

Analysts forecast that Wells Fargo & Co. (WFC) will achieve an EPS of $Wells Fargo & Company for the current quarter, $56.47 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Western Digital Corporation while analysts give the company a high EPS estimate of $Truist Financial Corporation. Comparatively, EPS for the current quarter was $V.F. Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -0.52%, and 12.36% 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. Compass Point stated their Neutral rating for the stock in a research note on April 09, 2024, with the firm’s price target at $64. Keefe Bruyette coverage for the Wells Fargo & Co. (WFC) stock in a research note released on March 27, 2024 offered a Mkt Perform rating with a price target of $62. Odeon was of a view on January 18, 2024 that the stock is Hold, while Deutsche Bank gave the stock Hold rating on January 09, 2024, issuing a price target of $51. Robert W. Baird on their part issued Neutral rating on January 08, 2024.

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