Charles Schwab Corp. Rating Reiterated by UBS AG (SCHW)
Charles Schwab Corp. (NASDAQ:SCHW)‘s stock had its “hold” rating reaffirmed by equities research analysts at UBS AG in a research note issued to investors on Friday, AmericanBankingNews.com reports. They currently have a $28.00 price objective on the stock. UBS AG’s target price points to a potential upside of 4.59% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Compass Point raised their price target on shares of Charles Schwab Corp. from $20.00 to $25.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Agricole downgraded shares of Charles Schwab Corp. from an “outperform” rating to an “underperform” rating in a research note to investors on Monday. Finally, analysts at Nomura initiated coverage on shares of Charles Schwab Corp. in a research note to investors on Thursday, January 9th. They set a “neutral” rating and a $23.00 price target on the stock. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Charles Schwab Corp. currently has a consensus rating of “Hold” and a consensus target price of $21.41.
Charles Schwab Corp. (NASDAQ:SCHW) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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