In a report released yesterday, Chris Kotowski from Oppenheimer assigned a Hold rating to Wells Fargo (WFC). The company’s shares closed last Wednesday at $41.99.
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 17.3% and a 68.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Apollo Global Management, Focus Financial Partners, and JPMorgan Chase & Co.
Wells Fargo has an analyst consensus of Moderate Buy, with a price target consensus of $39.67, a -0.1% downside from current levels. In a report issued on April 7, Barclays also maintained a Hold rating on the stock with a $42.00 price target.
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The company has a one-year high of $41.54 and a one-year low of $20.76. Currently, Wells Fargo has an average volume of 32.78M.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WFC in relation to earlier this year.
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.
Founded in 1852, California-based Wells Fargo & Co. is a diversified financial services company, which is engaged in banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
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