After SunTrust Robinson and Jefferies assigned a Buy rating to Charles Schwab in the last month, the company received another Buy, this time from UBS. Analyst Alex Kramm assigned a Buy rating to Charles Schwab (NYSE: SCHW) today and set a price target of $50. The company’s shares closed last Friday at $42.48, close to its 52-week high of $43.36.
According to TipRanks.com, Kramm is a 5-star analyst with an average return of 13.0% and a 73.2% success rate. Kramm covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Franklin Resources, and Virtu Financial.
Currently, the analyst consensus on Charles Schwab is Strong Buy and the average price target is $46.20, representing an 8.8% upside.
In a report issued on February 28, SunTrust Robinson also reiterated a Buy rating on the stock.
Charles Schwab’s market cap is currently $56.62B and has a P/E ratio of 32.68. The company has a book value ratio of 4.1513.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. Last month, Charles Schwab, the Chairman of SCHW sold 738,000 shares for a total of $30,680,120.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Charles Schwab Corp. is a holding company, which engages in the provision of financial services. It operates through the Investor Services and Advisor Services segments. The Investor Services segment includes retail and corporate brokerage and retirement plan services. The Advisor Services segment offers custodial, trading, retirement business, and support services. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.
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