Market Analysts see Charles Schwab Corp [SCHW] gaining to $70. Time to buy?

Charles Schwab Corp [NYSE: SCHW] traded at a high on Monday, posting a 5.35 gain after which it closed the day’ session at $77.85.

The results of the trading session contributed to over 13127062 shares changing hands. Over the past one week, the price volatility of Charles Schwab Corp stands at 3.11% while the volatility over the past one month is 2.06%.

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The market cap for SCHW stock reached $143.83 billion, with 1.77 billion shares outstanding and 1.67 billion shares in the current float. Compared to the average trading volume of 8.07M shares, SCHW reached a trading volume of 13127062 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Charles Schwab Corp [SCHW]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SCHW shares is $76.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SCHW stock is a recommendation set at 2.18. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Charles Schwab Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $80 to $64. The new note on the price target was released on July 29, 2024, representing the official price target for Charles Schwab Corp stock. Previously, the target price had yet another drop from $88 to $71, while TD Cowen kept a Hold rating on SCHW stock. On July 08, 2024, analysts increased their price target for SCHW shares from 76 to 84.

The Average True Range (ATR) for Charles Schwab Corp is set at 1.81, with the Price to Sales ratio for SCHW stock in the period of the last 12 months amounting to 5.61. The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 30.63. Price to Free Cash Flow for SCHW in the course of the last twelve months was 5.19.

How has SCHW stock performed recently?

Charles Schwab Corp [SCHW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.71. With this latest performance, SCHW shares gained by 15.03% in over the last four-week period, additionally plugging by 4.22% over the last 6 months – not to mention a rise of 43.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SCHW stock in for the last two-week period is set at 73.27, with the RSI for the last a single of trading hit 75.32, and the three-weeks RSI is set at 70.87 for Charles Schwab Corp [SCHW]. The present Moving Average for the last 50 days of trading for this stock 67.50, while it was recorded at 74.40 for the last single week of trading, and 69.00 for the last 200 days.

Earnings analysis for Charles Schwab Corp [SCHW]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SCHW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Charles Schwab Corp go to 16.54%.

Insider trade positions for Charles Schwab Corp [SCHW]

There are presently around $80.82%, or 86.22%% of SCHW stock, in the hands of institutional investors. The top three institutional holders of SCHW stocks are: TORONTO DOMINION BANK with ownership of 225.96 million shares, which is approximately 12.3815%. VANGUARD GROUP INC, holding 122.21 million shares of the stock with an approximate value of $$9.01 billion in SCHW stocks shares; and VANGUARD GROUP INC, currently with $$7.44 billion in SCHW stock with ownership which is approximately 5.5355%.

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