Morgan Stanley analyst Michael Cyprys maintained a Buy rating on Charles Schwab (SCHW) today and set a price target of $43.00. The company’s shares closed last Monday at $37.28.
According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 3.7% and a 54.8% success rate. Cyprys covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Victory Capital Holdings Inc, and Virtus Investment Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Charles Schwab with a $41.00 average price target, representing a 10.0% upside. In a report issued on October 1, Wells Fargo also maintained a Buy rating on the stock.
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Charles Schwab’s market cap is currently $48.73B and has a P/E ratio of 14.07. The company has a Price to Book ratio of 2.63.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SCHW in relation to earlier this year.
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 savings and loan holding company, which engages in the provision of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. It operates through the Investor Services and Advisor Services segments.
