Wells Fargo (WF) Receives Consensus Rating of “Strong Buy” from Brokerages

Wells Fargo (NYSE:WF) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. Wells Fargo’s rating score has improved by 66.7% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus target price of $54.00 for the company, according to Zacks. Zacks has also assigned Wells Fargo an industry rank of 175 out of 255 based on the ratings given to related companies.

A number of analysts have commented on the company. Zacks Investment Research upgraded Wells Fargo from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, April 26th. ValuEngine cut Wells Fargo from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Bank of America upgraded Wells Fargo from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 6th.

Wells Fargo opened at $43.97 on Tuesday, Marketbeat reports. The firm has a market cap of $9.61 billion, a P/E ratio of 8.14, a PEG ratio of 1.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.07 and a quick ratio of 1.07. Wells Fargo has a one year low of $38.29 and a one year high of $53.50.

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE bought a new position in Wells Fargo during the fourth quarter valued at approximately $121,000. Aperio Group LLC lifted its stake in shares of Wells Fargo by 64.9% in the 1st quarter. Aperio Group LLC now owns 109,567 shares of the bank’s stock valued at $4,533,000 after purchasing an additional 43,125 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Wells Fargo by 139.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,191 shares of the bank’s stock valued at $132,000 after purchasing an additional 1,859 shares during the last quarter. 0.45% of the stock is owned by institutional investors.

Wells Fargo Company Profile

Woori Bank Co, Ltd., together with its subsidiaries, provides commercial banking products and services to individuals, small- and medium-sized enterprises, and large corporations in South Korea. It operates through six segments: Consumer Banking, Corporate Banking, Investment Banking, Capital Markets, Credit Card, and Other Operations.

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