Nomura Reaffirms Buy Rating on Wells Fargo & Co. (WFC)

By admin | 6 years ago

Wells Fargo & Co. (NYSE: WFC)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura (NYSE: NMR) in a report released on Wednesday.

Shares of Wells Fargo & Co. traded down 0.54% during mid-day trading on Wednesday, hitting $31.57. Wells Fargo & Co. has a one year low of $22.58 and a one year high of $34.59. The company has a market cap of $167.8 billion and a P/E ratio of 10.94.

Wells Fargo & Co. last issued its quarterly earnings data on Friday, April 13rd. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Wells Fargo & Co. will post $0.84 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley (NYSE: MS) cut their EPS estimates on shares of Wells Fargo & Co. in a research note on Wednesday. They now have an “overweight” rating and a $40.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Wells Fargo & Co. from $37.00 to $39.00 in a research note to investors on Tuesday, April 17th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Wells Fargo & Co. in a research note to investors on Monday, April 16th. They now have a $34.00 price target on the stock.

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company.

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