Wells Fargo & Company [NYSE: WFC] gained 1.47% on the last trading session, reaching $21.45 price per share at the time.
Wells Fargo & Company represents 4.11 billion in outstanding shares, while the company has a total market value of $87.10 billion with the latest information. WFC stock price has been found in the range of $20.84 to $21.46.
If compared to the average trading volume of 40.26M shares, WFC reached a trading volume of 34243799 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Wells Fargo & Company [WFC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WFC shares is $29.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WFC stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Wells Fargo & Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 14, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $21 to $24. The new note on the price target was released on September 11, 2020, representing the official price target for Wells Fargo & Company stock.
The Average True Range (ATR) for Wells Fargo & Company is set at 0.73, with the Price to Sales ratio for WFC stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 115.49. Price to Free Cash Flow for WFC in the course of the last twelve months was 11.14.
Trading performance analysis for WFC stock
Wells Fargo & Company [WFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.86. With this latest performance, WFC shares dropped by -8.96% in over the last four-week period, additionally sinking by -21.57% over the last 6 months – not to mention a drop of -58.45% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WFC stock in for the last two-week period is set at 34.58, with the RSI for the last a single of trading hit 31.15, and the three-weeks RSI is set at 37.55 for Wells Fargo & Company [WFC]. The present Moving Average for the last 50 days of trading for this stock 23.84, while it was recorded at 21.66 for the last single week of trading, and 29.40 for the last 200 days.
Wells Fargo & Company [WFC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Wells Fargo & Company [WFC] shares currently have an operating margin of +26.34. Wells Fargo & Company’s Net Margin is presently recorded at +17.86.
Return on Total Capital for WFC is now 5.45, given the latest momentum, and Return on Invested Capital for the company is 5.15. Return on Equity for this stock inclined to 10.20, with Return on Assets sitting at 1.03. When it comes to the capital structure of this company, Wells Fargo & Company [WFC] has a Total Debt to Total Equity ratio set at 180.61. Additionally, WFC Total Debt to Total Capital is recorded at 64.36, with Total Debt to Total Assets ending up at 17.62. Long-Term Debt to Equity for the company is recorded at 116.45, with the Long-Term Debt to Total Capital now at 36.72.
Reflecting on the efficiency of the workforce at the company, Wells Fargo & Company [WFC] managed to generate an average of $75,246 per employee.
Wells Fargo & Company [WFC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Wells Fargo & Company posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 1.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -46.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wells Fargo & Company go to -3.85%.
An analysis of insider ownership at Wells Fargo & Company [WFC]
There are presently around $60,433 million, or 66.90% of WFC stock, in the hands of institutional investors. The top three institutional holders of WFC stocks are: VANGUARD GROUP INC with ownership of 303,977,610, which is approximately -4.101% of the company’s market cap and around 0.13% of the total institutional ownership; BLACKROCK INC., holding 286,306,750 shares of the stock with an approximate value of $6.14 billion in WFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $5.1 billion in WFC stock with ownership of nearly -26.493% of the company’s market capitalization.
Positions in Wells Fargo & Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 725 institutional holders increased their position in Wells Fargo & Company [NYSE:WFC] by around 176,170,827 shares. Additionally, 1,056 investors decreased positions by around 398,303,833 shares, while 132 investors held positions by with 2,242,933,788 shares. The mentioned changes placed institutional holdings at 2,817,408,448 shares, according to the latest SEC report filing. WFC stock had 126 new institutional investments in for a total of 23,763,968 shares, while 224 institutional investors sold positions of 60,278,669 shares during the same period.