At the time of writing, Wells Fargo & Co. [WFC] stock is trading at $58.24, up 1.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WFC shares have gain 0.54% over the last week, with a monthly amount drifted -4.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wells Fargo & Co. [NYSE: WFC] stock has seen the most recent analyst activity on April 09, 2024, when Compass Point downgraded its rating to a Neutral but kept the price target unchanged to $64 for it. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on March 27, 2024, and elevated its price target to $62. On January 18, 2024, downgrade downgraded it’s rating to Hold. Deutsche Bank downgraded its rating to a Hold but stick to its price target of $51 on January 09, 2024. Robert W. Baird downgraded its rating to a Neutral but $55 remained the price target by the analyst firm on January 08, 2024. Odeon upgraded its rating to Buy for this stock on December 14, 2023. In a note dated September 07, 2023, HSBC Securities initiated an Hold rating and provided a target price of $45 on this stock.
For the past year, the stock price of Wells Fargo & Co. fluctuated between $38.38 and $62.55. Currently, Wall Street analysts expect the stock to reach $58.24 within the next 12 months. Wells Fargo & Co. [NYSE: WFC] shares were valued at $58.24 at the most recent close of the market.
Analyzing the WFC fundamentals
According to Wells Fargo & Co. [NYSE:WFC], the company’s sales were 120.14B for trailing twelve months, which represents an 10.66% jump. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.46 points at the first support level, and at 56.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.63, and for the 2nd resistance point, it is at 59.03.
Ratios To Look Out For
It is important to note that Wells Fargo & Co. [NYSE:WFC] has a current ratio of 0.54. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 12.15.
Transactions by insiders
Recent insider trading involved DAVIS RICHARD K, Director, that happened on Nov 09 ’23 when 3500.0 shares were purchased.
