Susquehanna Keeps Their Hold Rating on Wells Fargo

In a report released yesterday, Jack Micenko from Susquehanna reiterated a Hold rating on Wells Fargo (NYSE: WFC), with a price target of $63. The company’s shares closed yesterday at $55.36.

According to TipRanks.com, Micenko is a 2-star analyst with an average return of 0.4% and a 39.7% success rate. Micenko covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Credit Acceptance Corp, and Fifth Third Bancorp.

Currently, the analyst consensus on Wells Fargo is a Moderate Buy with an average price target of $62.55, which is a 13.0% upside from current levels. In a report issued on July 2, Morgan Stanley also upgraded the stock to Hold with a $62 price target.

.

See today’s analyst top recommended stocks >>

Based on Wells Fargo’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $24.28 billion and net profit of $5.14 billion. In comparison, last year the company earned revenue of $26.11 billion and had a net profit of $5.81 billion.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.