Charles Schwab Corp. PT Raised to $23.00 at UBS AG (SCHW)
Analysts at UBS AG hoisted their price target on shares of Charles Schwab Corp. (NASDAQ:SCHW) from $21.00 to $23.00 in a research report issued to clients and investors on Wednesday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price indicates a potential downside of 0.13% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Compass Point upgraded shares of Charles Schwab Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, up previously from $17.00. Separately, analysts at JMP Securities initiated coverage on shares of Charles Schwab Corp. in a research note to investors on Wednesday, October 9th. They set a “market perform” rating on the stock. Finally, 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. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. Charles Schwab Corp. currently has a consensus rating of “Hold” and a consensus target price of $19.44.
Shares of Charles Schwab Corp. (NASDAQ:SCHW) traded up 2.80% during mid-day trading on Wednesday, hitting $23.675. 7,168,011 shares of the company’s stock traded hands. Charles Schwab Corp. has a 52-week low of $12.47 and a 52-week high of $23.79. The stock’s 50-day moving average is $21.48 and its 200-day moving average is $20.21. The company has a market cap of $30.420 billion and a P/E ratio of 34.89.
Charles Schwab Corp. (NASDAQ:SCHW) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts expect that Charles Schwab Corp. will post $0.74 EPS for the current fiscal year.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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