The shares of Wells Fargo & Company (NYSE:WFC) has been pegged with a rating of Mkt Perform by Keefe Bruyette in its latest research note that was published on April 1st, 2019. The research company has also assigned a $50 price target. Keefe Bruyette wasn’t the only research firm that published a report of Wells Fargo & Company, with other equities research analysts also giving their opinion on the stock. Raymond James advised investors in its research note published on March 29th, 2019, to Mkt Perform the WFC stock. The stock had earned Hold rating from Deutsche Bank when it published its report on March 29th, 2019. That day the Deutsche Bank set price target on the stock to $54. The stock was given Sector Perform rating by RBC Capital Mkts in its report released on January 2nd, 2019. Barclays was of a view that WFC is Overweight in its latest report on January 2nd, 2019 while giving it a price target of $64. Citigroup thinks that WFC is worth Buy rating. This was contained in the firm’s report on November 2nd, 2018.
Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $56.60. The price of the stock the last time has raised by 11.09% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 41.36.
The shares of the company dipped by -0.73% during the trading session on Wednesday, reaching a low of $47.40 while ending the day at $47.79. During the trading session, a total of 30.79 million shares were traded which represents a -43.35% decline from the average session volume which is 21.48M shares. WFC had ended its last session trading at 48.14. Wells Fargo & Company currently has a market cap of $218.80B, while its P/E ratio stands at 11.07, while its P/E earnings growth sits at 3.38, with a beta of 1.09. Wells Fargo & Company debt-to-equity ratio currently stands at 1.32, while its quick ratio hovers at . WFC 52-week low price stands at $43.02 while its 52-week high price is $59.53.
The company in its last quarterly report recorded $1.09 earnings per share which is below the $1.17 predicted by most analysts. The Wells Fargo & Company generated $20,980.00 million in revenue during the last quarter, which is slightly lower than the $21,730.70 million predicted by analysts. In the second quarter last year, the firm recorded $1.16 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -6.42%. Wells Fargo & Company has the potential to record 4.32 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on April 4th, 2019 where it informed investors and clients that NIO Inc. (NYSE:NIO) is now rated as Buy. Raymond James also rated NIO as Upgrade on March 29th, 2019, with its price target of $5.50 suggesting that NIO could surge by 36.95% from its current share price. Even though the stock has been trading at $5.08/share, analysts expect it to surge higher by -0.59% to reach $8.01/share. It started the day trading at $5.11 and traded between $4.96 and $5.05 throughout the trading session.
At the moment, only of NIO Inc. shares were sold short. The company’s average trading volume currently stands at 30.18M shares, which means that the short-interest ratio is just 2.24 days. Over the past seven days, the company moved, with its shift of -4.90%. Looking further, the stock has dropped -23.83% over the past 90 days while it lost -16.39% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Baillie Gifford Co sold more NIO shares, decreasing its portfolio by -5.91% during the last quarter. This move now sees Baillie Gifford Co selling -5,040,994 shares in the last quarter, thus it now holds 80,256,394 shares of NIO, with a total valuation of $409,307,609.
The firm sold 0 shares during the quarter which decreased its stakes to 3,736,290 shares and is now valued at $19,055,079. Following these latest developments, around 52.52% of NIO Inc. stocks are owned by institutional investors and hedge funds.