KBW Keeps Their Buy Rating on Wells Fargo

By Austin Angelo

In a report released yesterday, Brian Kleinhanzl from KBW reiterated a Buy rating on Wells Fargo (NYSE: WFC), with a price target of $62. The company’s shares opened today at $52.45.

According to TipRanks.com, Kleinhanzl is a 3-star analyst with an average return of 1.9% and a 43.5% success rate. Kleinhanzl covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Discover Financial Services, and Dime Community Bancshares.

Wells Fargo has an analyst consensus of Hold, with a price target consensus of $58.88.

Wells Fargo’s market cap is currently $262.3B and has a P/E ratio of 13.11. The company has a book value ratio of 1.4891.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Enrique Hernandez, a Director at WFC bought 8,029 shares for a total of $479,572.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.