Buzzing Stock: Wells Fargo & Company (NYSE:WFC)


As per the research groups listed in Thomson Reuters survey, Wells Fargo & Company (NYSE:WFC), the stock can touch mean price target of $53.000 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $1.010 per share in looming quarter and $4.030 during current fiscal.

Technical Forecast

While evaluating Wells Fargo & Company Common St on the technical side, it is seen that the firm’s shares price is trading $0.454 points away or +0.936% from its 50-day moving average of $48.550. Further it is trading $0.314 or +0.645% away its 200-day moving average of $48.690. MA here stands for moving average.

Wells Fargo & Company (NYSE:WFC) stock made a high of $56.340 in last 12-months while the lowest level in same period was $44.500. It entails if stock price makes a movement of over $-7.336, it will make a new 52-week high. In the case of +10.121% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Wells Fargo & Company Common St is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Wells Fargo & Company (NYSE:WFC) P/E ratio is 12.100. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Wells Fargo & Company Common St it stands at 1.430.

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