E TRADE Financial Given Consensus Rating of “Buy” by Brokerages (NASDAQ:ETFC)
E TRADE Financial (NASDAQ:ETFC) has received an average recommendation of “Buy” from the eighteen ratings firms that are covering the stock, American Banking & Market News reports. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.30.
Shares of E TRADE Financial (NASDAQ:ETFC) opened at 21.80 on Thursday. E TRADE Financial has a 52-week low of $13.93 and a 52-week high of $25.58. The stock has a 50-day moving average of $21.31 and a 200-day moving average of $21.54. The company has a market cap of $6.294 billion and a price-to-earnings ratio of 23.96.
E TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that E TRADE Financial will post $1.02 EPS for the current fiscal year.
ETFC has been the subject of a number of recent research reports. Analysts at Deutsche Bank initiated coverage on shares of E TRADE Financial in a research note on Thursday, August 14th. They set a “hold” rating and a $23.00 price target on the stock. Separately, 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. Finally, 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.
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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