Analyst Revises Wells Fargo & Company (NYSE:WFC) Stock Target


Wells Fargo & Company (NYSE:WFC) mean price target has been set at $54.620 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.040 in the near-term quarter and $4.090 for the ongoing fiscal. The market cap of Wells Fargo & Company Common St was recorded at $242.71B after the stock closed at $47.805 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Wells Fargo & Company (NYSE:WFC) has a P/E ratio of 11.746. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Wells Fargo & Company (NYSE:WFC) PEG ratio sits at 1.300. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Wells Fargo & Company Common St visibly illustrates that the 50-day MA of Wells Fargo & Company Common St is $48.239, and stock is trading -0.434 or -0.899% distant from $48.239. The 200-day MA is $49.132, and this price is $-1.327 or -2.701% off from current level. Wells Fargo & Company (NYSE:WFC) 52-week high is $58.770 and the 52-week low is $44.500. This represents that if the stock moves $-10.965 points up on the chart to make a 52-week high. But, if it declines $+7.427%, then the shares price can hit a new 52-week low.

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