SunTrust Robinson Believes Charles Schwab (NYSE: SCHW) Still Has Room to Grow

By Carrie Williams

SunTrust Robinson analyst Douglas Mewhirter reiterated a Buy rating on Charles Schwab (NYSE: SCHW) yesterday and set a price target of $63. The company’s shares closed yesterday at $51.87, close to its 52-week high of $52.52.

According to, Mewhirter is a top 100 analyst with an average return of 37.7% and a 88.0% success rate. Mewhirter covers the Financial sector, focusing on stocks such as Compass Diversified Holdings, Pennantpark Investment Corp, and Textainer Group Holdings.

Currently, the analyst consensus on Charles Schwab is Strong Buy and the average price target is $57.25, representing a 10.4% upside.

In a report issued on December 21, KBW also reiterated a Buy rating on the stock with a $60 price target.

Charles Schwab’s market cap is currently $69.51B and has a P/E ratio of 33.25. The company has a book value ratio of 4.5597.

Based on the recent corporate insider activity of 159 insiders, corporate insider sentiment is neutral on the stock. Last month, Walter Bettinger, the President & CEO of SCHW sold 168,220 shares for a total of $8,259,602.

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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.