Charles Schwab Corp. (NASDAQ:SCHW)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a $24.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 2.43% from the company’s current price.
Zacks‘ analyst wrote, “Schwab’s third-quarter earnings marginally beat the Zacks Consensus Estimate. Results benefited primarily from rise in revenues and an advantage from provision, partially offset by higher operating expenses. Further, improvements in total client assets and rise in new brokerage accounts were the highlights for the quarter. After analyzing the results, we are maintaining our long term Neutral recommendation on the stock.”
In other Charles Schwab Corp. news, EVP Carrie Dwyer sold 95,958 shares of Charles Schwab Corp. stock on the open market in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $23.33, for a total value of $2,238,700.14. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Charles Schwab Corp. (NASDAQ:SCHW) opened at 23.43 on Wednesday. Charles Schwab Corp. has a 52 week low of $12.47 and a 52 week high of $23.93. The stock has a 50-day moving average of $21.56 and a 200-day moving average of $20.23. The company has a market cap of $30.105 billion and a price-to-earnings ratio of 35.50.
Charles Schwab Corp. (NASDAQ:SCHW) last announced its earnings results on Tuesday, October 15th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Charles Schwab Corp. will post $0.74 EPS for the current fiscal year.
A number of other firms have also recently commented on SCHW. Analysts at UBS AG raised their price target on shares of Charles Schwab Corp. from $21.00 to $23.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Compass Point upgraded shares of Charles Schwab Corp. from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, up previously from $17.00. Finally, analysts at JMP Securities initiated coverage on shares of Charles Schwab Corp. in a research note to investors on Wednesday, October 9th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.58.
The Charles Schwab Corporation (NASDAQ:SCHW) is a savings and loan holding company.
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