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

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo & Company : The decline is confirmed

03/05/2020 | 09:57am EST
short sell
Target price hit
Entry price : 40$ | Target : 35.1$ | Stop-loss : 42.1$ | Potential : 12.25%
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 $ 35.1.
Wells Fargo & Company : Wells Fargo & Company : The decline is confirmed
Strengths
  • The share is getting closer to its long-term support in weekly data, at USD 40.85, which offers good timing for buyers.
  • The close medium term support offers good timing for purchasing the stock.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Considering the small differences between the analysts' various estimates, the group's business visibility is good.
  • The company's attractive earnings multiples are brought to light by a P/E ratio at 10.28 for the current year.
  • This company will be of major interest to investors in search of a high dividend stock.

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company's earnings releases usually do not meet expectations.
  • 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 few months, analysts have been revising downwards their earnings forecast.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
  • Below the resistance at 48.22 USD, the stock shows a negative configuration when looking looking at the weekly chart.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 12.76% 28.07 Delayed Quote.61.25%
BYD COMPANY LIMITED 2.50% 254.6 End-of-day quote.25.30%
WELLS FARGO & COMPANY -0.03% 31.9275 Delayed Quote.5.70%

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