Financial News

Company Update (NYSE:WFC): Wells Fargo Enterprise Global Services Walks, Runs, and Rides for the Environment

[Business Wire] – More than 500 Wells Fargo Enterprise Global Services – Philippines team members participated in the second 5K Walk/Run/Ride event held February 6 in McKinley Hill. This annual event promotes walking, running, and cycling to work as greener and healthier commute options. Read more on this. Wells Fargo & Company (WFC) , currently valued at $235.76B, opened this morning at $45.61. Looking at the equity, the company’s one day range is $45.36 to $46.33 with the price of the stock fluctuating between $45.36 to $58.77 over the last 52 weeks. WFC shares are currently priced at 10.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.14x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.50 per share annually in dividends, yielding 3.13%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.00 per share, which would be $0.04 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $4.29 which would be a $0.14 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.70 Billion. If reported, that would be a 1.97% increase over the year-ago quarter. More recently, Susquehanna upgraded WFC from Neutral to Positive (Jan 20, 2016). Previously, Keefe Bruyette upgraded WFC from Mkt Perform to Outperform. When considering if the stock is under or overvalued, the average price target is $57.73, which is 26.57% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Brings $341 Million in ‘Oscar® Bonds’ to Market for New Academy Museum of Motion Pictures Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commercial Banking Primed for New Jersey Growth
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