Charles Schwab Corp. Receives New Coverage from Analysts at JMP Securities (SCHW)
JMP Securities assumed coverage on shares of Charles Schwab Corp. (NASDAQ:SCHW) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Charles Schwab Corp. (NASDAQ:SCHW) opened at 20.70 on Wednesday. Charles Schwab Corp. has a 52 week low of $12.47 and a 52 week high of $22.84. The stock has a 50-day moving average of $21.4 and a 200-day moving average of $20.08. The company has a market cap of $26.598 billion and a P/E ratio of 31.17.
Charles Schwab Corp. (NASDAQ:SCHW) last released its earnings data on Tuesday, July 16th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.20 earnings per share. Charles Schwab Corp.’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Charles Schwab Corp. will post $0.74 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SCHW. Analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp. 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. 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. in a research note to investors on Monday, July 22nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.15.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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