Morgan Stanley (NYSE:MS) analyst Michael Cyprys maintained a Buy rating on The Charles Schwab Corp (NYSE:SCHW). on Wednesday, setting a price target of $51, which is approximately 51.16% above the present share price of $33.74.
Cyprys expects The Charles Schwab Corp. to post earnings per share (EPS) of $0.59 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Hold rating of shares in Charles Schwab, with an average price target of $38.18.
The analysts price targets range from a high of $48 to a low of $35.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.62 billion and a net profit of $0. The company's market cap is $43.44 billion.
According to TipRanks.com, Morgan Stanley analyst Michael Cyprys is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.0% and a 56.25% success rate.
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. The Investor Services segment includes retail brokerage and banking services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, retirement business, and support services as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. The company was founded by Charles R. Schwab in 1986 and is headquartered in San Francisco, CA.