E*TRADE Financial Corp. Given New $19.50 Price Target at Evercore Partners (ETFC)
Investment analysts at Evercore Partners hoisted their price target on shares of E*TRADE Financial Corp. (NASDAQ:ETFC) from $14.50 to $19.50 in a note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ target price indicates a potential upside of 12.65% from the stock’s previous close.
Shares of E*TRADE Financial Corp. (NASDAQ:ETFC) traded up 2.97% on Thursday, hitting $17.31. 10,691,979 shares of the company’s stock traded hands. 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 $15.08 and its 200-day moving average is $12.31. The company’s market cap is $4.966 billion.
E*TRADE Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $419.41 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 14.9% on a year-over-year basis. Analysts expect that E*TRADE Financial Corp. will post $0.67 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of E*TRADE Financial Corp. in a research note to investors on Thursday. They now have a $19.50 price target on the stock. Separately, analysts at Barclays raised their price target on shares of E*TRADE Financial Corp. from $10.00 to $14.00 in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of E*TRADE Financial Corp. in a research note to investors on Thursday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.73.
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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