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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 reinvigorated 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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