Charles Schwab Corp Receives Consensus Rating of “Hold” from Analysts (NASDAQ:SCHW)
Shares of Charles Schwab Corp (NASDAQ:SCHW) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Stock Ratings News reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.
In other Charles Schwab Corp news, EVP Bernard J. Clark sold 26,115 shares of Charles Schwab Corp stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.98, for a total transaction of $756,812.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Charles Schwab Corp (NASDAQ:SCHW) opened at 28.62 on Tuesday. Charles Schwab Corp has a 52-week low of $20.44 and a 52-week high of $29.16. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $26.82. The company has a market cap of $37.302 billion and a P/E ratio of 31.02.
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.
A number of research firms have recently commented on SCHW. Analysts at Deutsche Bank initiated coverage on shares of Charles Schwab Corp in a research note on Thursday, August 14th. They set a “buy” rating and a $34.00 price target on the stock. Separately, 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. Finally, 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.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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