Wells Fargo Receives a Hold from Oppenheimer

By Austin Angelo

Oppenheimer analyst Chris Kotowski maintained a Hold rating on Wells Fargo (NYSE: WFC) today. The company’s shares closed yesterday at $56.03.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.7% and a 66.3% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Apollo Global Management LLC.

Currently, the analyst consensus on Wells Fargo is a Moderate Buy with an average price target of $62.18, a 11.0% upside from current levels. In a report issued on July 2, Morgan Stanley also upgraded the stock to Hold with a $62 price target.

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Wells Fargo’s market cap is currently $273.1B and has a P/E ratio of 13.90. The company has a Price to Book ratio of 1.53.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

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.