In last trading session, Wells Fargo & Company (NYSE:WFC) saw 21,893,338 shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $22.77 trading at -$0.48 or -2.06% at ring of the bell on the day assigns it a market valuation of $94.04 Billion. That closing price of WFC’s stock is at a discount of -140.45% from its 52-week high price of $54.75 and is indicating a premium of 3.38% from its 52-week low price of $22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.27 Million shares which gives us an average trading volume of 40.68 Million if we extend that period to 3-months.
For Wells Fargo & Company (WFC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.8. Splitting up the data highlights that, out of 28 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 17 suggested the stock as a Hold whereas 7 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.33 in the current quarter.
Wells Fargo & Company (NYSE:WFC) trade information
In the face of being in the red today for losing -2.06%, in the last five days WFC remained trading in the green while hitting it’s week-highest on Monday, Oct 12 when the stock touched $25.74- price level, adding 11.15% to its value on the day. Wells Fargo & Company’s shares saw a change of -57.49% in year-to-date performance and have moved -9.6% in past 5-day. Wells Fargo & Company (NYSE:WFC) showed a performance of -8.08% in past 30-days. Number of shares sold short was 43.69 Million shares which calculate 1.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $30.35 to the stock, which implies a rise of 33.29% to its current value. Analysts have been projecting $23 as a low price target for the stock while placing it at a high target of $65. It follows that stock’s current price would jump +185.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of 1.01% for stock’s current value.
Wells Fargo & Company (WFC) estimates and forecasts
Statistics highlight that Wells Fargo & Company is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -13.54% of value to its shares in past 6 months, showing an annual growth rate of -96.12% while that of industry is -35.3. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -45% in the current quarter and calculating 2700% increase in the next quarter. This year revenue growth is estimated to drop -15.8% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $17.67 Billion for the same. And 11 analysts are in estimates of company making revenue of $17.41 Billion in the next quarter that will end in March 01, 2021. Company posted $19.86 Billion and $17.72 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -11% while estimating it to be -1.7% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -6% while estimates for its earnings growth in next 5 years are of 3.48%
Wells Fargo & Company is more likely to be releasing its next quarterly report between January 15 and January 15, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.72%, the share has a forward dividend of 0.4 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.61%.