At the time of writing, Charles Schwab Corp. [SCHW] stock is trading at $65.65, up 0.46%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SCHW shares have gain 2.37% over the last week, with a monthly amount glided 2.67%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Schwab Survey: Bullish Sentiment Surges Among Retail Traders. In a post published today on Yahoo Finance, More than half of traders have a bullish outlook for the first quarter – the highest level of bullishness since 2021.
From an analyst’s perspective:
Charles Schwab Corp. [NYSE: SCHW] stock has seen the most recent analyst activity on January 18, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform and also revised its price target to $70 from $75. Previously, Citigroup downgraded its rating to Neutral on January 10, 2024, and dropped its price target to $70. On January 04, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $77 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $71 on January 03, 2024. Redburn Atlantic initiated its recommendation with a Sell and recommended $52 as its price target on December 01, 2023. UBS reiterated a Buy rating for this stock on July 24, 2023, and upped its price target to $80. In a note dated July 10, 2023, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $73.
For the past year, the stock price of Charles Schwab Corp. fluctuated between $45.00 and $78.80. Currently, Wall Street analysts expect the stock to reach $92.11 within the next 12 months. Charles Schwab Corp. [NYSE: SCHW] shares were valued at $65.65 at the most recent close of the market. An investor can expect a potential return of 40.3% based on the average SCHW price forecast.
Analyzing the SCHW fundamentals
According to Charles Schwab Corp. [NYSE:SCHW], the company’s sales were 25.52B for trailing twelve months, which represents an -0.27% plunge. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 65.00 points at the first support level, and at 64.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.18, and for the 2nd resistance point, it is at 66.72.
Charles Schwab Corp. [SCHW] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.64/share, meaning a difference of $0.04 and a surprise factor of 6.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.74 per share, a difference of $0.03 representing a surprise of 4.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.56, the price to book ratio is 3.66 and price to earnings (TTM) ratio is 25.86.
Transactions by insiders
Recent insider trading involved Schwab Charles R., Co-Chairman, that happened on Feb 23 when 58500.0 shares were sold. Co-Chairman, Schwab Charles R. completed a deal on Feb 22 to sell 58500.0 shares. Meanwhile, Co-Chairman Schwab Charles R. sold 71226.0 shares on Feb 15.
