Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $53.000 on Wells Fargo & Company (NYSE:WFC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.030 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Wells Fargo & Company (NYSE:WFC) stands at 12.483.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Wells Fargo & Company Common St, the PEG ratio for coming 3-5 years is 1.450.
The technical analysis highlights that Wells Fargo & Company Common St current is trading $2.157 points away or +4.456% from its 50-day moving average of $48.398. Further it is trading $1.911 or +3.930% away its 200-day moving average of $48.644.
The 52-week high of Wells Fargo & Company (NYSE:WFC) was $56.340 while lowest point recorded in 52-week was $44.500. It implies if stock price makes a movement of over $-5.785, it will record a new 52-week high. In the case of +13.607% drop, it will touch a new 52-week low.
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