Wells Fargo & Co. [WFC] stock is trading at $57.30, up 0.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The WFC shares have gain 3.45% over the last week, with a monthly amount glided 4.96%, and 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 October 08, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $65 for it. Previously, Evercore ISI reaffirmed its Outperform rating on September 06, 2024, and dropped its price target to $65. On September 03, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $65 on the stock. Compass Point downgraded its rating to a Neutral but stick to its price target of $64 on April 09, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and raised its price target to $62 on March 27, 2024. Odeon downgraded its rating to Hold for this stock on January 18, 2024. In a note dated January 09, 2024, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $51.
Wells Fargo & Co. [WFC] stock has fluctuated between $38.58 and $62.55 over the past year. Currently, Wall Street analysts expect the stock to reach $59.45 within the next 12 months. Wells Fargo & Co. [NYSE: WFC] shares were valued at $57.30 at the most recent close of the market. An investor can expect a potential return of 3.75% based on the average WFC price forecast.
Analyzing the WFC fundamentals
Wells Fargo & Co. [NYSE:WFC] reported sales of 122.76B for the trailing twelve months, which represents a growth of 8.99%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.69.
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 56.95 points at the first support level, and at 56.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.96, and for the 2nd resistance point, it is at 58.63.
Ratios To Look Out For
For context, Wells Fargo & Co.’s Current Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 11.76.
Transactions by insiders
Recent insider trading involved DAVIS RICHARD K, Director, that happened on Nov 09 ’23 when 3500.0 shares were purchased.
