Wells Fargo & Company (NYSE:WFC) stock is presently standing at about $54.62 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 30 analysts covering the company is $57.00, which suggests the stock could still rise over 4 percent. The highest analyst price target is $65.00, which implies a rally of 81 percent. And a quick view of analyst notes show that 11 are rating the stock a buy while 4 rate WFC a strong buy. There are 13 equity research firms advocating a Hold and 1 consider it Sell.
Susquehanna analysts provided their view on Wells Fargo & Company (NYSE:WFC) recently. The rating firm issued a Neutral rating to this company in a research note released on Dec 01, 2016. Jefferies analysts disclosed their opinion on Wells Fargo & Company (NYSE:WFC) recently. The rating firm gave a Hold rating to this stock in a research note published on Nov 28, 2016. According to a research note disclosed on Oct 19, 2016, analysts at FBR & Co. have lowered their rating on these shares from Outperform to Mkt Perform.
Wells Fargo & Company (NYSE:WFC) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President & COO SLOAN TIMOTHY J sold 20,500 company shares for $1002000.86, in a transaction on 2016-08-08. Following the transaction, the President & COO is left with a stake of 1002.86 shares, currently valued at $54776. Meanwhile, Director Quigley James H. purchased 2,000 shares worth $99000.94, through a transaction dated 2016-05-03. Following the completion of the transaction, the insider is left with a stake of 2,150 shares, amounting $117433. WFC Sr. Executive Vice President STROTHER JAMES M also sold 40,000 shares, at a stock price of $50.77. This transaction occurred on 2016-04-27 totals $2030000.8. After this transaction, the insider’s stake stands at 224,361 shares, with a market value of $12254598.
Executives hold 0.07 percent of the stock. Timothy J. Sloan is one of the biggest insider owners in Wells Fargo & Company (NYSE:WFC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 664,940 shares which have current market value of around $36319022.8.Robert K. Steel is another major inside shareholder in the company. The insider owns 601,903 shares as of less than 0.1%, currently worth $32875941.86. Mark C. Oman is ranked as third insider holder of the stock. This insider holds 496,621 shares with a market value around $27125439.02 as of recent close.
Wells Fargo & Company (NYSE:WFC) Earnings Outlook
In Wells Fargo & Company (NYSE:WFC)’s latest quarter, EPS moved to $1.03 from $1.01 in preceding quarter and revenues reached at $22,328.00M compared to $22,162.00M. Analysts had expected Wells Fargo & Company (NYSE:WFC) to post net income of about $1.01 per share on $22,211.00M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.95 to $1.09. That is compared with the $1.03 in EPS it reported during the same period a year ago.