Charles Schwab Corp. Stock Rating Lowered by Credit Agricole (SCHW)
Charles Schwab Corp. (NASDAQ:SCHW) was downgraded by investment analysts at Credit Agricole from an “outperform” rating to an “underperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Charles Schwab Corp. (NASDAQ:SCHW) traded down 3.23% during mid-day trading on Monday, hitting $24.83. 7,913,917 shares of the company’s stock traded hands. Charles Schwab Corp. has a 1-year low of $14.98 and a 1-year high of $26.14. The stock’s 50-day moving average is $25.23 and its 200-day moving average is $22.95. The company has a market cap of $32.011 billion and a P/E ratio of 36.66.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura initiated coverage on shares of Charles Schwab Corp. in a research note to investors on Thursday. They set a “neutral” rating and a $23.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Charles Schwab Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, 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. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. Charles Schwab Corp. has an average rating of “Hold” and an average target price of $20.78.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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