Wells Fargo (WF) Downgraded by ValuEngine

  • Wells Fargo (WF) Downgraded by ValuEngine

Wells Fargo (WF) Downgraded by ValuEngine

The company now has a consensus rating of "Hold" and an average target price of $61.83. The stock decreased 0.38% or $0.1801 during the last trading session, reaching $46.6299. The company exchanged hands with 7661790 shares contrast to its average daily volume of 20.27M shares. Oracle Corporation (NYSE:ORCL) has risen 1.20% since May 16, 2017 and is uptrending.

"Big money sentiment for Wells Fargo & Company (NYSE:WFC) in Q4 2017 increased to 0.75, SEC filings reveal".

Wells Fargo stock opened at $55.04 on Tuesday. They expect $1.12 earnings per share, up 4.67% or $0.05 from last year's $1.07 per share. Now it had 11.89 million shares held by the institutional investor. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since May 16, 2017 and is downtrending. The stock underperformed the S&P500 by 19.30%. Wells Fargo has a one year low of $43.71 and a one year high of $43.76. Therefore 54% are positive. Morgan Stanley cut their target price on Wells Fargo from $64.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, April 16th. The stock rating was downgraded by RBC Capital Markets to "Sell" on Monday, February 5. Robert W. Baird has "Buy" rating and $65.0 target. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The company rating was maintained by Jefferies on Sunday, April 15. Guggenheim maintained the shares of WFC in report on Thursday, October 15 with "Buy" rating. Cambridge Advisors owns 32,392 shares for 0.71% of their portfolio. Hudson Valley Advsrs Inc Adv owns 93,432 shares or 1.4% of their United States portfolio. Spdr S&P 500 Etf @ (SPY) was raised too. The titles are as follows: "Viking Global's 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in ..." announced on May 15, 2018, "The Pips Are Squeaking" on May 16, 2018, "Wells Fargo: Where Is The Upside?" with a publish date: May 03, 2018, "Wells Fargo: Buying Opportunity?" and the last "Wells Fargo's Tim Sloan Remains One of America's Worst CEOs" with publication date: May 05, 2018. The stock of Wells Fargo & Company (NYSE:WFC) has "Hold" rating given on Friday, January 12 by BMO Capital Markets. Ruane Cunniff & Goldfarb Inc. now owns 6,673,316 shares of the financial services provider's stock valued at $368,033,000 after purchasing an additional 1,763,235 shares during the last quarter. WFC's profit will be $5.46 billion for 12.21 P/E if the $1.12 EPS becomes a reality. The stock of Wells Fargo & Company (NYSE:WFC) has "Buy" rating given on Monday, April 30 by Keefe Bruyette & Woods. Yhb Invest reported 0.66% stake. That's change of 0.02, from 2017Q3's 0.73. Also 138 funds bought new Wells Fargo & Company stakes. Private Wealth Prtnrs Ltd Liability Corp stated it has 5,986 shares or 0.07% of all its holdings. Douglass Winthrop Advsr Ltd Company reported 27,400 shs or 0.09% of all its holdings.

Wells Fargo & Company (WFC) stock price traded at a gap of 4.09% from an average price of last twenty days and stands at a distance of 2.45% away from it's an average price of recent fifty days. Westpac Bk Corp stated it has 519,261 shares. Haverford Serv Incorporated accumulated 4.63% or 208,816 shares. Sigma Mngmt owns 3,438 shares for 0.17% of their portfolio. Dimensional Fund Advisors LP lifted its position in shares of Wells Fargo by 17.8% in the third quarter. Chemung Canal reported 0.22% stake. Smith Moore Comm holds 9,269 shares. The stock of Wells Fargo & Company (NYSE:WFC) earned "Neutral" rating by JP Morgan on Wednesday, September 21.

The company's consensus rating on Reuter's scale remained unchanged from 1.33 to 1.33 during a month. The Kansas-based fund Vantage Investment Partners Llc looks positive on Wells Fargo & Company, possessing 266,716 shares.

Wells Fargo announced that its Board of Directors has initiated a stock repurchase program on Tuesday, January 23rd that authorizes the company to repurchase 350,000,000 outstanding shares. The RSI provides signals that tell investors to buy when the currency oversold and to sell when it is overbought. The firm has "Underperform" rating given on Thursday, May 11 by Credit Suisse.

US stocks dropped sharply on Tuesday after Home Depot stated quarterly sales that fell short of Wall Street's expectations and interest rates breached new highs. The stock has "Outperform" rating by Macquarie Research on Friday, May 26.

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