Charles Schwab Corp Now Covered by Deutsche Bank (SCHW)
Equities researchers at Deutsche Bank initiated coverage on shares of Charles Schwab Corp (NASDAQ:SCHW) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $34.00 price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 23.23% from the company’s current price.
Shares of Charles Schwab Corp (NASDAQ:SCHW) opened at 27.81 on Thursday. Charles Schwab Corp has a one year low of $20.44 and a one year high of $29.13. The stock has a 50-day moving average of $27.49 and a 200-day moving average of $26.52. The company has a market cap of $36.246 billion and a price-to-earnings ratio of 30.02.
Charles Schwab Corp (NASDAQ:SCHW) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $0.18 earnings per share. Charles Schwab Corp’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Charles Schwab Corp will post $0.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 6th.
In other Charles Schwab Corp news, EVP Jay L. Allen sold 8,132 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $27.44, for a total value of $223,142.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Monday, July 28th. They now have a $29.00 price target on the stock, up previously from $27.00. Separately, analysts at Sandler O’Neill raised their price target on shares of Charles Schwab Corp from $1.00 to $31.00 in a research note on Monday, July 28th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Charles Schwab Corp in a research note on Thursday, July 17th. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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