The mean price target is calculated keeping in view the consensus of 29 analysts. The stock now has a consensus rating of "Hold" and a consensus target price of $49.49. Jefferies Group also issued estimates for Wells Fargo & Co.'s Q1 2017 earnings at $0.98 EPS, Q3 2017 earnings at $1.07 EPS and Q4 2017 earnings at $1.03 EPS.
The report is based on a search warrant, served on October 5 and first obtained by the Times, in which Harris' office demands the identities and account information of California customers who had "any accounts, credit cards, life insurance, or other product or service" created without the customer's authorization.
Southwestern Energy Company (NYSE:SWN) shares now have a mean rating of 2.90 while 0 analysts have recommended the shares as "BUY", 0 commented as "OUTPERFORM" and 0 commented as "HOLD".
Many Wall Street Analysts have commented on Wells Fargo & Co.
Wells Fargo & Co closed down -0.33 points or -0.73% at $44.93 with 2,72,10,558 shares getting traded on Thursday. Shares were Downgraded by FBR & Co. on Oct 19, 2016 to " Mkt Perform" and Lowered the Price Target to $ 45 from a previous price target of $50.Wells Fargo & Co was Downgraded by Keefe Bruyette to " Mkt Perform" on Oct 17, 2016. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $49.49. "In some instances, Wells Fargo Advisors and its parent Wells Fargo bank may have failed to supervise the "cross-selling" activities of their employees and could be responsible for any damages". (NYSE:WFC) in a research note issued to investors on Tuesday morning. The company has a market capitalization of $228.36 billion, a price-to-earnings ratio of 11.18 and a beta of 0.91. The stock touched 52-week High of $56.34 on Nov 6, 2015 and 52-week Low of $43.55 on Oct 4, 2016.
Wells Fargo & Co. had a return on equity of 12.72% and a net margin of 23.91%. (NYSE:WFC) last posted its quarterly earnings results on Friday, October 14th. The analysts estimated EPS for the higher end at 1.07 and lower end at 0.94 while the year ago reported earnings per share was 1.15. The company had revenue of $22.30 billion for the quarter. During the same quarter in the previous year, the company posted $1.05 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter past year.
Other Hedge Funds, Including, Crestpoint Capital Management reduced its stake in WFC by selling 100 shares or 0.26% in the most recent quarter. Global X Management Co. IMS Capital Management now owns 5,846 shares of the financial services provider's stock valued at $283,000 after buying an additional 1,076 shares during the last quarter. VNBTrust National Association now owns 6,122 shares of the financial services provider's stock valued at $296,000 after buying an additional 185 shares during the last quarter. River Wealth Advisors LLC now owns 26,132 shares of the financial services provider's stock valued at $1,264,000 after buying an additional 991 shares during the last quarter. Hills Bank & Trust Co. now owns 82,610 shares of the financial services provider's stock valued at $3,996,000 after buying an additional 2,148 shares during the last quarter. Corporate insiders own 0.29% of the company's stock.
In related news, COO Timothy J. Sloan sold 20,500 shares of the business's stock in a transaction that occurred on Monday, August 8th. The Average Volume for the stock is measured as 25.22 Million. Following the transaction, the chief operating officer now directly owns 650,815 shares of the company's stock, valued at $31,837,869.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.