Electrocomponents PLC (LON:ECM) Gets Peel Hunt Higher Rating; Wells Fargo & Company Has 0.75 Sentiment

Electrocomponents plc (LON:ECM) Logo

Peel Hunt upgraded shares of Electrocomponents PLC (LON:ECM) to a Add rating in a analysts report made public on Tuesday, 10 April. Trading on2.61B GBP market cap, ECM is going to be interesting today.

Wells Fargo & Company (WFC) investors sentiment increased to 0.75 in 2017 Q4. It’s up 0.02, from 0.73 in 2017Q3. The ratio has increased, as 604 active investment managers increased and started new equity positions, while 809 sold and reduced stakes in Wells Fargo & Company. The active investment managers in our database now possess: 3.64 billion shares, down from 3.65 billion shares in 2017Q3. Also, the number of active investment managers holding Wells Fargo & Company in top ten equity positions increased from 161 to 167 for an increase of 6. Sold All: 63 Reduced: 746 Increased: 466 New Position: 138.

Daily Journal Corp holds 55.91% of its portfolio in Wells Fargo & Company for 1.59 million shares. American Assets Inc owns 1.75 million shares or 30.07% of their US portfolio. Moreover, Theleme Partners Llp has 21.4% invested in the company for 7.53 million shares. The Delaware-based Brandywine Trust Co has invested 15.49% in the stock. Vantage Investment Partners Llc, a Kansas-based fund reported 266,716 shares.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on April, 12. They expect $1.07 earnings per share, up 7.00% or $0.07 from last year’s $1 per share. WFC’s profit will be $5.22 billion for 12.21 P/E if the $1.07 EPS becomes a reality. After $0.97 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 10.31% EPS growth.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $292,234 activity.

The stock increased 0.04% or $0.02 during the last trading session, reaching $52.25. About 17.03 million shares traded. Wells Fargo & Company (WFC) has declined 7.75% since April 10, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $254.78 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 12.74 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Ratings analysis reveals 38% of Wells Fargo’s analysts are positive. Out of 13 Wall Street analysts rating Wells Fargo, 5 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $44.0 while the high is $65.0. The stock’s average target of $50.62 is -3.12% below today’s ($52.25) share price. WFC was included in 14 notes of analysts from September 15, 2016. The rating was maintained by FBR Capital on Tuesday, September 27 with “Outperform”. The rating was downgraded by JP Morgan on Wednesday, September 21 to “Neutral”. On Tuesday, September 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Credit Suisse on Thursday, February 16. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, January 3. The firm earned “Hold” rating on Wednesday, January 18 by Argus Research. The firm has “Neutral” rating by Susquehanna given on Thursday, December 1. As per Thursday, September 15, the company rating was maintained by UBS. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Piper Jaffray on Monday, April 10. Deutsche Bank maintained Wells Fargo & Company (NYSE:WFC) on Thursday, September 22 with “Buy” rating.

Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, North America, and internationally. The company has market cap of 2.61 billion GBP. The firm distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies. It has a 24.62 P/E ratio. It also provides automation and control products comprising programmable logic controllers, safety devices, sensors, cables, and pneumatic cylinders for various vertical markets that include the food and beverage, packaging, manufacturing, marine, and gas and oil industries; and tools and consumables, which comprise electronics workbench equipment, electrostatic discharge products and 3D printers, and mechanical tools and lighting, as well as electrical, test, and measurement and safety equipment.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart