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TD Ameritrade Holding Corp. (NASDAQ:AMTD) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 price objective on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 18.62% from the stock’s previous close.

The analysts wrote, “We are upgrading AMTD to Outperform from Market Perform as the stock has sold off 10% since March 28. There is now more than 20% upside to our current price target. We believe that the sell-off was driven by the combination of the firm’s premium valuation as well as concerns that regulators could eliminate payment for order flow, which is a meaningful source of revenue for the firm. “We believe that there is little risk in the near future that regulators will make any changes to the current market structure that eliminates payment for order flow.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of TD Ameritrade Holding Corp. from an “equal weight” rating to an “overweight” rating in a research note on Friday. They now have a $36.00 price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of TD Ameritrade Holding Corp. from $36.00 to $32.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee raised their price target on shares of TD Ameritrade Holding Corp. from $35.00 to $37.00 in a research note on Tuesday, April 1st. They now have a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. TD Ameritrade Holding Corp. presently has an average rating of “Hold” and a consensus target price of $31.60.

Shares of TD Ameritrade Holding Corp. (NASDAQ:AMTD) traded up 1.51% on Monday, hitting $30.35. The stock had a trading volume of 3,609,505 shares. TD Ameritrade Holding Corp. has a 52-week low of $18.79 and a 52-week high of $35.82. The stock has a 50-day moving average of $33.20 and a 200-day moving average of $30.52. The company has a market cap of $16.738 billion and a price-to-earnings ratio of 23.00.

TD Ameritrade Holding Corp. (NASDAQ:AMTD) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.02. The company had revenue of $752.00 million for the quarter, compared to the consensus estimate of $734.98 million. During the same quarter last year, the company posted $0.27 earnings per share. TD Ameritrade Holding Corp.’s revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that TD Ameritrade Holding Corp. will post $1.43 earnings per share for the current fiscal year.

TD Ameritrade Holding Corporation (NASDAQ:AMTD) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs).

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