Analysts Review On Wells Fargo & Co (NYSE:WFC)

The shares of Wells Fargo & Co (NYSE:WFC)currently has mean rating of 2.4 while 14 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 9 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Wells Fargo & Co (NYSE:WFC)is at $54.80 while the highest price target suggested by the analysts is $64.00 and low price target is $44.00. The mean price target is calculated keeping in view the consensus of 30 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 22.25B by 23 analysts. The means estimate of sales for the year ending Dec 16 is 89.57B by 26 analysts.

The average estimate of EPS for the current fiscal quarter for Wells Fargo & Co (NYSE:WFC)stands at $1.01 while the EPS for the current year is fixed at $4.10 by 30.00 analysts

The next one year’s EPS estimate is set at 4.39 by 31.00 analysts while a year ago the analysts suggested the company’s EPS at $4.10. The analysts also projected the company’s long-term growth at 9.35% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Wells Fargo & Co (NYSE:WFC)reported earnings of $0.99. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 2.10%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Wells Fargo & Co (NYSE:WFC) traded down -1.72% during trading on Friday, hitting $49.68 . The stock had a trading volume of 19.5 M shares. The firm has a 50 day moving average of $49.72 and a 200-day moving average of $50.24. The stock has a market cap of $249.49B and a price-to-earnings ratio of 12.07. On Jul 23, 2015 the shares registered one year high at $58.77 and the one year low was seen on Feb 11, 2016.

On June 9, 2016Wells Fargo & Co (NYSE:WFC) the nation’s No. 1 commercial agriculture lender, has named Gene Peterson head of its National Food and Agribusiness Division. He will direct the division’s continuing national growth and as part of the bank’s commitment to American farmers and food producers.

Peterson, a fourth-generation family farmer, takes on the new role after leading Wells Fargo’s agribusiness lending operations out of Fresno for California’s Central Valley, one of the world’s most-productive agricultural regions with more than 230 different crops, many dominantly or exclusively California-grown. He succeeds longtime group head Rob Yraceburu, who retired from the bank.

“Our strength, stability, and long history in serving this industry allow us to strategically expand in agriculture across the nation,” said Peterson. “We have a strong, dedicated team that is focused on helping our customers’ businesses thrive through future generations.”

The national practice includes the newly-enhanced Food and Agribusiness Advisor Group, which provides specialized industry perspectives to Wells Fargo agribusiness customers. The group provides credit-assessment support, including strategic plan analysis, industry risk assessment, and peer benchmarking. In addition, the advisors share agribusiness expertise through industry presentations and webinars.

Peterson began his career in North Dakota with the U.S. Department of Agriculture in 1985, where he administered agriculture, business, and rural residential loans. In 1986, he moved to Arizona where he joined Wells Fargo agribusiness lending. In 2006, his role expanded to oversee Wells Fargo Commercial Banking operations in addition to agribusiness lending in Arizona. Gene and his team grew the bank’s market share to become the leading lender to middle-market and agriculture businesses in Arizona.

“Wells Fargo has been committed to the U.S. food and agriculture industry through numerous economic cycles,” said MaryLou Barreiro, head of Wells Fargo Commercial Banking Specialty Industries. “Gene and his team will leverage Wells Fargo’s agriculture expertise and financial strength to grow our support of an industry that is vital for every American.”