E TRADE Financial Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:ETFC)
E TRADE Financial (NASDAQ:ETFC) has been given an average rating of “Buy” by the eighteen analysts that are presently covering the company, American Banking and Market News reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.30.
Several analysts have recently commented on the stock. 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 (NASDAQ:ETFC) opened at 22.40 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 $21.30 and a 200-day moving average of $21.56. The company has a market cap of $6.467 billion and a price-to-earnings ratio of 24.35.
E TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings results 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. On average, analysts predict that E TRADE Financial will post $1.02 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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