Wells Fargo & Co. (NYSE: WFC) has a price-to-earnings ratio of 12.67x that is above its average ratio. Additionally, the 36-month beta value for WFC is 1.16. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 rating it as “hold,” and 4 rating it as “sell.”
The public float for WFC is 3.40B and currently, short sellers hold a 0.91% ratio of that float. The average trading volume of WFC on October 14, 2024 was 17.30M shares.
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WFC) stock’s latest price update
The stock price of Wells Fargo & Co. (NYSE: WFC) has surged by 5.61 when compared to previous closing price of 57.75, but the company has seen a 7.08% gain in its stock price over the last five trading sessions. pymnts.com reported 2024-10-13 that America’s biggest banks say consumers are still spending in spite of inflation. As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest banks — and optimistic commentary from their executives — could make investors less worried that high borrowing costs were pressuring consumers and leading to a possible downturn.
WFC’s Market Performance
WFC’s stock has risen by 7.08% in the past week, with a monthly rise of 18.27% and a quarterly rise of 5.65%. The volatility ratio for the week is 1.84% while the volatility levels for the last 30 days are 2.25% for Wells Fargo & Co. The simple moving average for the past 20 days is 8.94% for WFC’s stock, with a 8.99% simple moving average for the past 200 days.
Analysts’ Opinion of WFC
Many brokerage firms have already submitted their reports for WFC stocks, with Wolfe Research repeating the rating for WFC by listing it as a “Outperform.” The predicted price for WFC in the upcoming period, according to Wolfe Research is $65 based on the research report published on October 08, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see WFC reach a price target of $65, previously predicting the price at $67. The rating they have provided for WFC stocks is “Outperform” according to the report published on September 06th, 2024.
Deutsche Bank gave a rating of “Buy” to WFC, setting the target price at $65 in the report published on September 03rd of the current year.
WFC Trading at 10.32% from the 50-Day Moving Average
After a stumble in the market that brought WFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.49% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +15.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.23% upper at present.
During the last 5 trading sessions, WFC rose by +7.08%, which changed the moving average for the period of 200-days by +22.86% in comparison to the 20-day moving average, which settled at $55.98. In addition, Wells Fargo & Co. saw 23.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WFC starting from DAVIS RICHARD K, who purchase 3,500 shares at the price of $41.22 back on Nov 09 ’23. After this action, DAVIS RICHARD K now owns 4,244 shares of Wells Fargo & Co., valued at $144,270 using the latest closing price.
Stock Fundamentals for WFC
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.92 for the gross margin
The net margin for Wells Fargo & Co. stands at 0.23. The total capital return value is set at 0.02. Equity return is now at value 9.94, with 0.94 for asset returns.
Based on Wells Fargo & Co. (WFC), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is 0.59.
Currently, EBITDA for the company is 43.27 billion with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.35. The receivables turnover for the company is 1.86for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, Wells Fargo & Co. (WFC) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
