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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo & Company : The bears are taking over

07/08/2020 | 04:22am EST
short sell
Stop-loss triggered
Entry price : 24.44$ | Target : 20$ | Stop-loss : 29$ | Potential : 18.17%
The declining trend in the stock price that has been seen for a number of trading sessions, should not be expected to reach a turning point over the coming days.
Investors should open a short trade and target the $ 20.
Wells Fargo & Company : Wells Fargo & Company : The bears are taking over
Strengths
  • The share is getting closer to its long-term support in weekly data, at USD 23.36, which offers good timing for buyers.
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • The company returns high margins, thereby supporting business profitability.
  • This company will be of major interest to investors in search of a high dividend stock.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The company's earnings releases usually do not meet expectations.
  • For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • For the past seven days, analysts have been lowering their EPS expectations for the company.
  • For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
  • For the past year, analysts have significantly revised downwards their profit estimates.
  • The technical configuration over the long term remains negative on the weekly chart below the resistance level at 34.88 USD

© MarketScreener.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 72 473 M - -
Net income 2020 1 731 M - -
Net Debt 2020 - - -
P/E ratio 2020 91,1x
Yield 2020 3,89%
Capitalization 132 B 132 B -
Capi. / Sales 2020 1,82x
Capi. / Sales 2021 1,90x
Nbr of Employees 268 531
Free-Float 75,3%
Upcoming event on WELLS FARGO & COMPANY
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 36,35 $
Last Close Price 31,90 $
Spread / Highest target 41,1%
Spread / Average Target 13,9%
Spread / Lowest Target -5,96%
EPS Revisions
Managers and Directors
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Charles H. Noski Chairman
Scott E. Powell Chief Operating Officer & Senior Executive VP
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Saul van Beurden Senior Executive VP & Head-Technology
Sector and Competitors