RBC Capital analyst Gerard Cassidy maintained a Sell rating on Wells Fargo (WFC) on April 14 and set a price target of $35.00. The company’s shares closed last Thursday at $26.90, close to its 52-week low of $25.11.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.0% and a 71.6% success rate. Cassidy covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., Fifth Third Bancorp, and Goldman Sachs Group.
The word on The Street in general, suggests a Hold analyst consensus rating for Wells Fargo with a $38.71 average price target.
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The company has a one-year high of $54.75 and a one-year low of $25.11. Currently, Wells Fargo has an average volume of 35.86M.
Based on the recent corporate insider activity of 36 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. Last month, John D. Baker, a Director at WFC bought 7,570 shares for a total of $240,120.
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.
Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.
