Charles Schwab Corp. Sees Unusually Large Options Volume (SCHW)
Shares of Charles Schwab Corp. (NASDAQ:SCHW) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 23,305 put options on the company, Analyst Ratings Network.com reports. This is an increase of 1,656% compared to the average volume of 1,327 put options.
SCHW has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp. (NASDAQ:SCHW) in a research note to investors on Tuesday, September 3rd. They now have a $22.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Charles Schwab Corp. (NASDAQ:SCHW) to $19.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Charles Schwab Corp. (NASDAQ:SCHW) in a research note to investors on Monday, July 22nd.
Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Charles Schwab Corp. presently has a consensus rating of “Hold” and a consensus target price of $19.15.
Charles Schwab Corp. (NASDAQ:SCHW) traded down 5.65% during mid-day trading on Wednesday, hitting $21.36. The stock had a trading volume of 20,284,216 shares. Charles Schwab Corp. has a 1-year low of $12.47 and a 1-year high of $22.84. The stock has a 50-day moving average of $21.87 and a 200-day moving average of $19.69. The company has a market cap of $27.446 billion and a price-to-earnings ratio of 34.30.
Charles Schwab Corp. (NASDAQ:SCHW) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that Charles Schwab Corp. will post $0.73 EPS for the current fiscal year.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.