Charles Schwab Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released yesterday, Daniel Fannon from Jefferies reiterated a Buy rating on Charles Schwab (NYSE: SCHW), with a price target of $49. The company’s shares closed yesterday at $40.21.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.8% and a 78.2% success rate. Fannon covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Intercontinental Exchange.

Charles Schwab has an analyst consensus of Moderate Buy, with a price target consensus of $48.

The company has a one year high of $44.10 and a one year low of $29.86. Currently, Charles Schwab has an average volume of 6.26M.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. Most recently, in July 2017, Joseph Martinetto, the Senior EVP and CFO of SCHW sold 115,642 shares for a total of $4,868,528.

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.