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E TRADE Financial (NASDAQ:ETFC) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $24.00 price target on the stock. Raymond James’ target price would suggest a potential upside of 19.64% from the stock’s previous close.

The analysts wrote, “successfully┬áreinvigorated the firm’s brokerage franchise”

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of E TRADE Financial in a research note on Thursday, April 24th. They now have a $26.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of E TRADE Financial in a research note on Thursday, April 24th. They now have a $25.00 price target on the stock. Finally, analysts at Sandler O’Neill upgraded shares of E TRADE Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. They now have a $24.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. E TRADE Financial presently has an average rating of “Buy” and an average target price of $23.87.

E TRADE Financial (NASDAQ:ETFC) traded up 0.40% on Monday, hitting $20.14. 826,149 shares of the company’s stock traded hands. E TRADE Financial has a one year low of $11.02 and a one year high of $25.58. The stock’s 50-day moving average is $21.47 and its 200-day moving average is $20.57. The company has a market cap of $5.801 billion and a price-to-earnings ratio of 40.04. E TRADE Financial also was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 9,510,401 shares, a decrease of 15.4% from the April 15th total of 11,245,658 shares. Based on an average daily volume of 5,429,773 shares, the short-interest ratio is currently 1.8 days. Approximately 3.3% of the company’s shares are sold short.

E TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.10. The company had revenue of $475.00 million for the quarter, compared to the consensus estimate of $454.51 million. During the same quarter last year, the company posted $0.12 earnings per share. E TRADE Financial’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that E TRADE Financial will post $1.07 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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