RBC Capital Maintains $60.0 Price Objective On Wells Fargo (WFC), Maintains “Buy” Rating; Brasilagro Companhia Brasileira (LND) Sellers Decreased By 74.07% Their Shorts

November 15, 2017 - By Kurt Siggers

Among 32 analysts covering Wells Fargo & Company (NYSE:WFC), 13 have Buy rating, 5 Sell and 14 Hold. Therefore 41% are positive. Wells Fargo & Company has $67 highest and $44 lowest target. $56.73’s average target is 5.94% above currents $53.55 stock price. Wells Fargo & Company had 102 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Co (NYSE:WFC) has “Sell” rating given on Wednesday, April 12 by Rafferty. The firm earned “Buy” rating on Monday, October 9 by Citigroup. On Monday, April 11 the stock rating was downgraded by Sandler O’Neill to “Hold”. The stock of Wells Fargo & Co (NYSE:WFC) earned “Hold” rating by Jefferies on Friday, July 7. The stock has “Buy” rating by Deutsche Bank on Thursday, September 22. Barclays Capital maintained the stock with “Overweight” rating in Monday, July 18 report. As per Friday, August 11, the company rating was maintained by Jefferies. Jefferies maintained Wells Fargo & Co (NYSE:WFC) rating on Tuesday, June 6. Jefferies has “Hold” rating and $6200 target. The stock has “Underperform” rating by Raymond James on Tuesday, October 4. Piper Jaffray maintained Wells Fargo & Co (NYSE:WFC) on Friday, October 13 with “Hold” rating.

Brasilagro Companhia Brasileira (NYSE:LND) had a decrease of 74.07% in short interest. LND’s SI was 1,400 shares in November as released by FINRA. Its down 74.07% from 5,400 shares previously. With 2,200 avg volume, 1 days are for Brasilagro Companhia Brasileira (NYSE:LND)’s short sellers to cover LND’s short positions. The stock increased 7.80% or $0.27 on November 14, reaching $3.73. About shares traded. Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) has risen 16.41% since November 15, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.

About 1,445 shares traded. Wells Fargo & Co (NYSE:WFC) has risen 9.67% since November 15, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Since May 16, 2017, it had 0 insider purchases, and 2 insider sales for $3.39 million activity. $2.05M worth of stock was sold by Mack Mary T on Thursday, June 8. Pelos Petros G also sold $1.34M worth of Wells Fargo & Co (NYSE:WFC) shares. Hardison Hope A. had sold 20,000 shares worth $1.04 million on Tuesday, May 16.

Analysts await Wells Fargo & Co (NYSE:WFC) to report earnings on January, 12. They expect $1.04 EPS, up 0.97% or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.17 billion for 12.87 P/E if the $1.04 EPS becomes a reality. After $1.04 actual EPS reported by Wells Fargo & Co for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 0.88 in 2017 Q2. Its up 0.12, from 0.76 in 2017Q1. It is positive, as 85 investors sold Wells Fargo & Co shares while 685 reduced holdings. 110 funds opened positions while 566 raised stakes. 3.66 billion shares or 1.73% less from 3.73 billion shares in 2017Q1 were reported. Callahan Ltd Liability accumulated 9,585 shares or 0.12% of the stock. Washington-based Palouse Mgmt has invested 2.9% in Wells Fargo & Co (NYSE:WFC). 447,427 are owned by Ycg Limited Liability Company. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma holds 0.07% or 67,967 shares. Seatown Pte holds 184,000 shares or 1.42% of its portfolio. Carret Asset Mgmt Ltd has 0.49% invested in Wells Fargo & Co (NYSE:WFC) for 52,368 shares. Colorado-based Ramsay Stattman Vela And Price Inc has invested 2.53% in Wells Fargo & Co (NYSE:WFC). Beese Fulmer Inv Mgmt invested in 4,055 shares. American Money Ltd Liability Corp stated it has 2.13% in Wells Fargo & Co (NYSE:WFC). Moreover, National Bank & Trust Of New York Mellon Corp has 0.66% invested in Wells Fargo & Co (NYSE:WFC). Clean Yield Group Inc holds 6,706 shares. Fcg Advsrs Limited Co stated it has 4,555 shares. Japan-based Nomura has invested 0.1% in Wells Fargo & Co (NYSE:WFC). Pekin Singer Strauss Asset Mgmt Il stated it has 7,030 shares or 0.06% of all its holdings. Northern has invested 0.92% in Wells Fargo & Co (NYSE:WFC).

Wells Fargo & Company is a bank holding company. The company has market cap of $266.30 billion. The Firm is a diversified financial services company. It has a 13.98 P/E ratio. It has three operating divisions: Community Banking, Wholesale Banking, and Wealth and Investment Management.

Investors sentiment decreased to 0 in Q2 2017. Its down Infinity, from Infinity in 2017Q1. It dropped, as 0 investors sold Brasilagro Cia Brasileira De Propriedades Agricolas shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 139,588 shares or 50.00% less from 279,182 shares in 2017Q1 were reported. Northern Tru Corp owns 136,238 shares or 0% of their US portfolio. Bancorporation Of America De owns 350 shares. Citigroup Incorporated invested in 0% or 3,000 shares.

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By1 Kurt Siggers

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