Value Hunters: Look To Wells Fargo & Co (WFC)

Currently, there are 3.60B common shares owned by the public and among those 3.32B shares have been available to trade.

The company’s stock has a 5-day price change of 1.79% and 30.27% over the past three months. WFC shares are trading 54.75% year to date (YTD), with the 12-month market performance up to 73.98% higher. It has a 12-month low price of $42.79 and touched a high of $78.13 over the same period. WFC has an average intraday trading volume of 18.92 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 5.10%, 17.07%, and 28.22% respectively.

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Institutional ownership of Wells Fargo & Co (NYSE: WFC) shares accounts for 76.86% of the company’s 3.60B shares outstanding.

It has a market capitalization of $250.19B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 15.84, while the earnings-per-share (ttm) stands at $4.81. The company has a PEG of 1.71 and the debt-to-equity ratio at 1.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 2.15% over the month.

Earnings per share for the fiscal year are expected to increase by 9.72%, and 4.89% over the next financial year. EPS should grow at an annualized rate of 9.26% 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. Wolfe Research stated their Outperform rating for the stock in a research note on October 08, 2024, with the firm’s price target at $65. Evercore ISI coverage for the Wells Fargo & Co (WFC) stock in a research note released on September 06, 2024 offered a Outperform rating with a price target of $65. Deutsche Bank was of a view on September 03, 2024 that the stock is Buy, while Compass Point gave the stock Neutral rating on April 09, 2024, issuing a price target of $64. Keefe Bruyette on their part issued Mkt Perform rating on March 27, 2024.

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