E*TRADE Financial Corp. Price Target Increased to $19.50 by Analysts at Sterne Agee (ETFC)
Analysts at Sterne Agee increased their price objective on shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from $16.50 to $19.50 in a research report issued to clients and investors on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would suggest a potential upside of 14.04% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie upgraded shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $21.00 price target on the stock, up previously from $14.00. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 6th. They now have a $19.00 price target on the stock, up previously from $13.50. Finally, analysts at Credit Suisse raised their price target on shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from $12.50 to $14.50 in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock.
Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.69.
E*TRADE Financial Corp. (NASDAQ:ETFC) opened at 17.10 on Wednesday. E*TRADE Financial Corp. has a one year low of $7.70 and a one year high of $17.47. The stock’s 50-day moving average is $14.82 and its 200-day moving average is $12.20. The company’s market cap is $4.906 billion.
E*TRADE Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.09. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $420.60 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts expect that E*TRADE Financial Corp. will post $0.63 EPS for the current fiscal year.
E*TRADE Financial Corporation (NASDAQ:ETFC) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.
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