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Wells Fargo (WFC) Receives a Rating Update from a Top Analyst


Jefferies analyst Ken Usdin reiterated a Hold rating on Wells Fargo (NYSE: WFC) today and set a price target of $59. The company’s shares opened today at $53.67.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 24.7% and a 86.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, First Republic Bank, and Citizens Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wells Fargo with a $62.30 average price target.

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Wells Fargo’s market cap is currently $257.9B and has a P/E ratio of 13.62. The company has a Price to Book ratio of 1.45.

Based on the recent corporate insider activity of 56 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.