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Wells Fargo (WFC) Gets a Buy Rating from Robert W. Baird

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In a report issued on March 8, David George from Robert W. Baird maintained a Buy rating on Wells Fargo (WFCResearch Report), with a price target of $60.00. The company’s shares closed last Tuesday at $50.26.

According to TipRanks.com, George is a 5-star analyst with an average return of 12.3% and a 67.2% success rate. George covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Capital One Financial, and Huntington Bancshares.

Wells Fargo has an analyst consensus of Strong Buy, with a price target consensus of $61.84.

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Based on Wells Fargo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $20.86 billion and net profit of $5.75 billion. In comparison, last year the company earned revenue of $18.49 billion and had a net profit of $3.09 billion.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WFC in relation to earlier this year.

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.

Founded in 1852, California-based Wells Fargo & Co. is a diversified financial services company, which is engaged in banking, insurance, investments, mortgage, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

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