Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Wells Fargo & Co (WFC) Share Price
Headlines about Wells Fargo & Co (NYSE:WFC) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wells Fargo & Co earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.8055877698699 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Nexcess Proudly Sponsors WordCamps Around The US (prweb.com)
- Nexcess Brings Two-Factor Authentication To Its Client Portal (prweb.com)
- Wells Fargo: Punished Enough? (seekingalpha.com)
- Renforth Commences Drill Program on Parbec Gold Deposit (fscwire.com)
- Ralph Nathanial Wells’s New Book “The Pull” Narrates an American Family’s Bizarre Experiences With a Phenomenon That Affects Their Lives in Great Proportions (prweb.com)
Shares of Wells Fargo & Co opened at $55.56 on Thursday, MarketBeat.com reports. The firm has a market cap of $271.01 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 0.88. Wells Fargo & Co has a 12-month low of $49.27 and a 12-month high of $66.31.
A number of analysts have weighed in on the company. Sandler O’Neill restated a “buy” rating and set a $64.00 target price on shares of Wells Fargo & Co in a report on Friday, April 13th. Vetr upgraded Wells Fargo & Co from a “hold” rating to a “buy” rating and set a $54.10 target price for the company in a report on Wednesday, April 11th. Barclays lowered their target price on Wells Fargo & Co from $71.00 to $66.00 and set an “overweight” rating for the company in a report on Monday, April 16th. Piper Jaffray Companies restated a “hold” rating and set a $58.00 target price on shares of Wells Fargo & Co in a report on Monday, April 16th. Finally, Vining Sparks restated a “buy” rating and set a $65.00 target price on shares of Wells Fargo & Co in a report on Friday, April 13th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Wells Fargo & Co has an average rating of “Hold” and a consensus target price of $62.05.
In related news, EVP Petros G. Pelos sold 25,567 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $54.76, for a total value of $1,400,048.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.
Wells Fargo & Co Company Profile
Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company's Community Banking segment offers checking and savings accounts; credit and debit cards; and automobile, student, mortgage, home equity, and small business loans.
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