[Reuters] – The U.S. Supreme Court on Monday rejected two corporate challenges in class action cases, refusing to hear bids by Wal-Mart Stores Inc and Wells Fargo & Co to throw out large judgments against them. Wal-Mart had sought to get rid of a $187 million class action judgment over the retailer’s treatment of workers in Pennsylvania. The court’s decisions on whether to hear the cases had been on hold pending its action in a separate class action case involving Tyson Foods Inc. Read more on this. Wells Fargo & Company (WFC) , with a current market cap of $245.28B, started trading this morning at $48.42. Looking at the equity, the company’s one day range is $48.20 to $48.67 with its 52-week range being $44.50 to $58.77. Priced at 11.54x this year’s forecasted earnings, WFC shares are relatively inexpensive compared to the industry’s 15.14x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.50 per share annually in dividends, yielding 3.10%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.98 per share, which would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $4.20 is a $0.05 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.62 Billion. If reported, that would be a 1.60% increase over the year-ago quarter. Recently, UBS Initiated WFC at Sell (Mar 24, 2016). Previously, Susquehanna upgraded WFC from Neutral to Positive. The average price target for WFC shares by the analysts covering the stock is $55.68, which is 14.99% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Stock Update: Wal-Mart Stores Inc (NYSE:WMT) – U.S. top court rejects Wal-Mart, Wells Fargo class action appeals Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo to pay California $8.5 million for privacy law violations Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Closed-End Funds Declare Monthly Dividends