Charles Schwab Corp Downgraded to Neutral at Citigroup Inc. (SCHW)
Charles Schwab Corp (NYSE:SCHW) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, AR Network reports.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners upgraded shares of Charles Schwab Corp from an “underweight” rating to an “equal weight” rating in a research note to investors on Monday, December 16th. They now have a $25.00 price target on the stock, up previously from $17.00. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Charles Schwab Corp to a “market perform” rating in a research note to investors on Friday, December 13th. Finally, analysts at Credit Suisse initiated coverage on shares of Charles Schwab Corp in a research note to investors on Tuesday, December 10th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Charles Schwab Corp currently has a consensus rating of “Hold” and an average target price of $21.86.
Shares of Charles Schwab Corp (NYSE:SCHW) traded down 1.05% during mid-day trading on Tuesday, hitting $25.54. 7,476,544 shares of the company’s stock traded hands. Charles Schwab Corp has a one year low of $14.98 and a one year high of $26.14. The stock has a 50-day moving average of $25.09 and a 200-day moving average of $22.77. The company has a market cap of $32.927 billion and a price-to-earnings ratio of 36.87.
The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company.
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