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.
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