E TRADE Financial Stock Rating Reaffirmed by Credit Suisse (ETFC)
E TRADE Financial (NASDAQ:ETFC)‘s stock had its “neutral” rating reiterated by Credit Suisse in a research note issued on Thursday. They currently have a $24.00 target price on the stock, down from their previous target price of $25.00. Credit Suisse’s price objective would suggest a potential upside of 12.83% from the stock’s previous close.
E TRADE Financial (NASDAQ:ETFC) traded down 1.10% on Thursday, hitting $21.035. 5,289,939 shares of the company’s stock traded hands. E TRADE Financial has a 1-year low of $13.45 and a 1-year high of $25.58. The stock’s 50-day moving average is $21. and its 200-day moving average is $21.48. The company has a market cap of $6.059 billion and a P/E ratio of 42.46.
E TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $431.00 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that E TRADE Financial will post $1.03 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ETFC. Analysts at Jefferies Group initiated coverage on shares of E TRADE Financial in a research note on Monday, July 14th. They set a “hold” rating and a $24.00 price target on the stock. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of E TRADE Financial in a research note on Friday, July 11th. They now have a $27.00 price target on the stock, down previously from $28.00. Finally, analysts at Zacks downgraded shares of E TRADE Financial from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $23.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.80.
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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