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E TRADE Financial (NASDAQ:ETFC)‘s stock had its “outperform” rating restated by Zacks in a research note issued on Thursday. They currently have a $25.00 price objective on the stock. Zacks‘s target price would suggest a potential upside of 14.31% from the company’s current price.

Zacks’ analyst wrote, “E*TRADE’s first-quarter 2014 earnings came significantly above the Zacks Consensus Estimate as well as the prior-year quarter earnings. Results benefited from a rise in daily average revenue trades (DARTs), lower expenses and reduced provisions. Moreover, a strong capital position was another positive for the quarter. As the company completed the sale of its market making business during the quarter, we expect the company’s profitability to improve further in the near term as it aims to focus on core operations. E*TRADE’s initiatives to reduce legacy balance sheet risks look promising though it might exert near-term pressure on the margins. However, we remain concerned owing to the volatile equity markets.”

A number of other analysts have also recently weighed in on ETFC. Analysts at Raymond James upgraded shares of E TRADE Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $24.00 price target on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.93.

E TRADE Financial (NASDAQ:ETFC) traded down 1.87% during mid-day trading on Thursday, hitting $21.46. 2,687,186 shares of the company’s stock traded hands. E TRADE Financial has a 52-week low of $11.61 and a 52-week high of $25.58. The stock has a 50-day moving average of $20.86 and a 200-day moving average of $21.07. The company has a market cap of $6.182 billion and a P/E ratio of 43.65. E TRADE Financial also was the target of a large drop in short interest in May. As of May 30th, there was short interest totalling 8,642,560 shares, a drop of 13.3% from the May 15th total of 9,970,507 shares. Based on an average daily trading volume, of 3,418,008 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.0% of the shares of the stock are short sold.

E TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that E TRADE Financial will post $1.05 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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