E TRADE Financial Now Covered by Deutsche Bank (ETFC)
Investment analysts at Deutsche Bank initiated coverage on shares of E TRADE Financial (NASDAQ:ETFC) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $23.00 price target on the stock. Deutsche Bank’s price objective points to a potential upside of 7.78% from the company’s current price.
E TRADE Financial (NASDAQ:ETFC) opened at 21.41 on Thursday. E TRADE Financial has a 1-year low of $13.93 and a 1-year high of $25.58. The stock’s 50-day moving average is $21.26 and its 200-day moving average is $21.4. The company has a market cap of $6.181 billion and a P/E ratio of 23.45.
E TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results 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 $1.02 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of E TRADE Financial in a research note on Thursday, July 24th. They now have a $27.00 price target on the stock, down previously from $28.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of E TRADE Financial in a research note on Thursday, July 24th. They now have a $27.50 price target on the stock, up previously from $24.00. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of E TRADE Financial in a research note on Thursday, July 24th. They now have a $24.00 price target on the stock, down previously from $25.00. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $24.30.
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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