Zacks Investment Research downgraded Wells Fargo & Co (NYSE:WFC) to Sell in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded Wells Fargo & Co(NYSE:WFC) to Sell in a statement released on 9/20/2016.
On 9/19/2016, Robert W. Baird released a statement on Wells Fargo & Co(NYSE:WFC) raised the target price from $0.00 to $50.00 that suggested an upside of 0.10%.
Just yesterday Wells Fargo & Co (NYSE:WFC) traded 1.06% higher at $46.45. Wells Fargo & Co’s 50-day moving average is $48.48 and its two hundred day average is $48.66. With the last close down 4.43% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. 14,026,285 shares of the stock traded hands, down from ann average trading volume of 20,672,200.
Wells Fargo & Co has a one-year low of $44.50 and a one-year high of $56.34 with a price-earnings ratio of 11 and has a market cap of $0.0.
In addition to Zacks Investment Research reporting its target price, a total of 29 firms have reported on WFC. The one year target is $55.14 with 0 rating the stock a strong buy, 0 rating the stock a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firmsrating the stock as sell.
About Wells Fargo & Co (NYSE:WFC)
Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. Its Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8, 700 locations and approximately 13, and 000 automated teller machines.
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