Wells Fargo & Company (NYSE:WFC)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They currently have a $60.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.03% from the company’s current price.

Several other research analysts have also commented on WFC. BidaskClub lowered Wells Fargo & from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Berenberg Bank lowered Wells Fargo & from a “hold” rating to a “sell” rating and raised their price objective for the company from $35.00 to $45.00 in a research report on Friday, July 21st. Piper Jaffray Companies reissued a “hold” rating on shares of Wells Fargo & in a research report on Sunday, July 30th. BMO Capital Markets raised Wells Fargo & from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $50.00 to $47.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wells Fargo & in a research report on Wednesday, August 16th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.20.

Wells Fargo & (WFC) opened at $54.04 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $266,300.00, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.29 and a beta of 0.97. Wells Fargo & has a 52-week low of $49.27 and a 52-week high of $59.99.

Wells Fargo & (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The firm had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $22.30 billion. During the same period last year, the business posted $1.03 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. analysts predict that Wells Fargo & will post 3.97 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners boosted its position in shares of Wells Fargo & by 50.0% during the first quarter. Boston Partners now owns 7,948,841 shares of the financial services provider’s stock worth $442,432,000 after buying an additional 2,648,763 shares during the period. Rockland Trust Co. raised its holdings in Wells Fargo & by 0.6% during the second quarter. Rockland Trust Co. now owns 316,530 shares of the financial services provider’s stock worth $17,539,000 after purchasing an additional 1,856 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Wells Fargo & by 83.9% during the first quarter. Canada Pension Plan Investment Board now owns 7,972,116 shares of the financial services provider’s stock worth $443,728,000 after purchasing an additional 3,637,100 shares in the last quarter. Kelman Lazarov Inc. raised its holdings in Wells Fargo & by 6.0% during the second quarter. Kelman Lazarov Inc. now owns 64,172 shares of the financial services provider’s stock worth $3,556,000 after purchasing an additional 3,612 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its holdings in Wells Fargo & by 4.7% during the second quarter. First Citizens Bank & Trust Co. now owns 103,269 shares of the financial services provider’s stock worth $5,722,000 after purchasing an additional 4,647 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

About Wells Fargo &

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Analyst Recommendations for Wells Fargo & (NYSE:WFC)

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