At the time of writing, Wells Fargo & Co. [WFC] stock is trading at $64.81, up 1.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WFC shares have gain 2.82% over the last week, with a monthly amount glided 17.60%, 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.
For the past year, the stock price of Wells Fargo & Co. fluctuated between $38.58 and $64.78. Currently, Wall Street analysts expect the stock to reach $62.05 within the next 12 months. Wells Fargo & Co. [NYSE: WFC] shares were valued at $64.81 at the most recent close of the market. An investor can expect a potential drop of -4.26% based on the average WFC price forecast.
Analyzing the WFC fundamentals
According to Wells Fargo & Co. [NYSE:WFC], the company’s sales were 128.56B for trailing twelve months, which represents an 22.44% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.22%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.6.
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 64.14 points at the first support level, and at 63.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.34, and for the 2nd resistance point, it is at 65.88.
Ratios To Look Out For
It is important to note that Wells Fargo & Co. [NYSE:WFC] has a current ratio of 0.85. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 13.47.
Transactions by insiders
Recent insider trading involved Williams Ather III, Sr. Executive Vice President, that happened on Oct 16 ’24 when 60000.0 shares were sold. Director, Williams Ather III completed a deal on Oct 16 ’24 to buy 60000.0 shares. Meanwhile, Sr. Executive Vice President Van Beurden Saul sold 35000.0 shares on Oct 14 ’24.
