uploads/2017/05/Analyst-ratings-5-1.png

What Do Analysts’ Ratings Suggest for Wells Fargo in 2017?

By

Updated

Analysts’ ratings

In May 2017, 13 of the 31 analysts covering Wells Fargo (WFC) rated the stock as a “buy” or “strong buy,” 12 analysts rated it as a “hold,” and six analysts rated it as “underperform” or “sell.” Wells Fargo’s one-year mean price target is $57.81 per share, which implies an 8.4% rise from its current level—compared to 10.5% growth in 2016.

Analyst ratings

Peers’ Ratings

Among Wells Fargo’s competitors, 16 of the 29 analysts covering JPMorgan Chase (JPM) rated the stock as a “buy” or “strong buy”—compared to 18 analysts in January 2017. For Bank of America (BAC), 23 of the 31 analysts covering its stock rated it as a “buy” or “strong buy” in May 2017—compared to 24 out of 31 analysts in the previous month. Seven analysts rated the company as a “hold” and one analyst rated it as a “sell”—six analysts rated it as a “hold” in the previous month.

For Citigroup (C), 18 of the 29 analysts rated it as a “buy” or “strong buy” in May 2017—compared to 17 out of 29 analysts in the previous month. Eight analysts rated it as a “hold,” while three analysts rated it as “underperform” or “sell.”

Together, Wells Fargo’s peers account for 28.5% of the Financial Select Sector SPDR ETF (XLF).

Article continues below advertisement
Advertisement

More From Market Realist