Long-Term Investors Should Consider Buying the Dips in Wells Fargo & Company [WFC] Stock

Wells Fargo & Company [WFC] shares are down more than -47.67% this year and recently increased 0.03% or $0.71 to settle at $28.06. Analysts expect WFC to shrink earnings at a -3.87% annual rate over the next 5 years. WFC has a short ratio of 0.81. This implies that the market is currently less bullish on the outlook for WFC.

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On 1, December 2020, Wells Fargo Utilities and High Income Fund Announces Sources of Distribution. According to news published on Yahoo Finance, The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today’s distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.

Analyst Birdseye View:

The most recent analyst activity for Wells Fargo & Company [NYSE:WFC] stock was on November 30, 2020, when it was Upgrade with an Overweight rating from Morgan Stanley, which also raised its 12-month price target on the stock to $40. Before that, on November 30, 2020, RBC Capital Mkts Recapitulated a Sector perform rating and elevated its amount target to $31. On November 24, 2020, Raymond James Upgrade an Outperform rating and boosted its price target on this stock to $32. On November 19, 2020, DA Davidson Upgrade a Buy rating and increased its price target from $27 to $31. On November 06, 2020, Compass Point Upgrade a Buy rating and increased its price target to $27. On September 14, 2020, Wolfe Research Upgrade an Outperform rating. On September 11, 2020, UBS Upgrade a Neutral rating and boosted its target amount on this stock from $21 to $24.

In the past 52 weeks of trading, this stock has oscillated between a low of $20.76 and a peak of $54.56. Right now, the middling Wall Street analyst 12-month amount mark is $31.00. At the most recent market close, shares of Wells Fargo & Company [NYSE:WFC] were valued at $28.06. According to the average price forecast, investors can expect a potential return of 2.77%.


Wells Fargo & Company [NYSE:WFC] most recently reported quarterly sales of 10.8 billion, which represented growth of -34.50%. This publicly-traded organization’s revenue is $421,324 per employee, while its income is $75,246 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.03, 10.20, 5.45 and 5.15 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 64.36 and the whole liability to whole assets at 17.62. It shows enduring liability to the whole principal at 36.72 and enduring liability to assets at 0.10 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 27.84 points at 1st support level, the second support level is making up to 27.62. But as of 1st resistance point, this stock is sitting at 28.48 and at 28.90 for 2nd resistance point.

Wells Fargo & Company [WFC] reported its earnings at $0.42 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.45/share signifying the difference of -0.03 and -6.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.66 calling estimates for -$0.2/share with the difference of -0.46 depicting the surprise of -230.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.18, it’s amount to book ratio is 1.34 and showing 75.43 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Van Beurden Saul, Sr. Executive Vice President, and it was the purchase of 60.0 shares on Nov 19. NOSKI CHARLES H, the Director, completed a purchase of 20000.0 shares on Mar 13. On Mar 13, SCHARF CHARLES W, CEO & President, completed a purchase of 0.17 million shares.