Keefe, Bruyette & Woods Increases E*TRADE Financial Corp. Price Target to $17.50 (ETFC)
Research analysts at Keefe, Bruyette & Woods raised their target price on shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from $14.50 to $17.50 in a report released on Wednesday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 7.63% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of E*TRADE Financial Corp. in a research note to investors on Monday, September 30th. They now have a $19.50 price target 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.28.
E*TRADE Financial Corp. (NASDAQ:ETFC) traded up 0.43% on Wednesday, hitting $16.26. The stock had a trading volume of 4,217,701 shares. 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 issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that E*TRADE Financial Corp. will post $0.65 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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