E*TRADE Financial Corp. Receives “Buy” Rating from Sterne Agee (ETFC)
E*TRADE Financial Corp. (NASDAQ:ETFC)‘s stock had its “buy” rating restated by equities researchers at Sterne Agee in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $19.50 target price on the stock. Sterne Agee’s target price points to a potential upside of 19.93% from the company’s current price.
ETFC has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of E*TRADE Financial Corp. from $14.50 to $17.50 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at JMP Securities initiated coverage on shares of E*TRADE Financial Corp. in a research note to investors on Wednesday. They set a “market perform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of E*TRADE Financial Corp. from $14.00 to $17.00 in a research note to investors on Monday, September 30th. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.28.
E*TRADE Financial Corp. (NASDAQ:ETFC) traded up 0.43% on Wednesday, hitting $16.26. 4,217,701 shares of the company’s stock traded hands. E*TRADE Financial Corp. has a 1-year low of $7.70 and a 1-year high of $17.73. The stock has a 50-day moving average of $16.09 and a 200-day moving average of $13.08. The company’s market cap is $4.665 billion.
E*TRADE Financial Corp. (NASDAQ:ETFC) last released its earnings data 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. On average, analysts predict that E*TRADE Financial Corp. will post $0.65 earnings per share 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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