Shares of E-Trade Financial Corp. (NASDAQ:ETFC) have earned an average recommendation of “Buy” from the seventeen analysts that are covering the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.83.

Several research firms have commented on ETFC. Credit Agricole SA reissued an “outperform” rating and set a $29.00 target price on shares of E-Trade Financial Corp. in a research report on Friday. Deutsche Bank AG lifted their target price on shares of E-Trade Financial Corp. from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Bank of America Corp. reissued a “buy” rating and set a $28.00 target price on shares of E-Trade Financial Corp. in a research report on Tuesday, September 13th. Barclays PLC set a $30.00 target price on shares of E-Trade Financial Corp. and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Nomura reissued a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of E-Trade Financial Corp. in a research report on Monday, July 25th.

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) traded down 1.09% during midday trading on Tuesday, reaching $28.18. The company had a trading volume of 1,565,791 shares. The firm has a market capitalization of $7.81 billion, a P/E ratio of 36.93 and a beta of 1.89. The company has a 50 day moving average price of $25.99 and a 200-day moving average price of $25.31. E-Trade Financial Corp. has a one year low of $19.61 and a one year high of $30.98.

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E-Trade Financial Corp. (NASDAQ:ETFC) last posted its earnings results on Thursday, July 21st. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. E-Trade Financial Corp. had a net margin of 15.07% and a return on equity of 7.64%. The firm had revenue of $474 million for the quarter, compared to analysts’ expectations of $472.50 million. On average, analysts anticipate that E-Trade Financial Corp. will post $1.69 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. acquired a new position in E-Trade Financial Corp. during the second quarter worth $110,000. Meeder Asset Management Inc. purchased a new position in E-Trade Financial Corp. during the first quarter worth approximately $132,000. FNY Managed Accounts LLC raised its position in E-Trade Financial Corp. by 128.3% in the second quarter. FNY Managed Accounts LLC now owns 6,850 shares of the company’s stock worth $161,000 after buying an additional 3,850 shares during the period. I.G. Investment Management LTD. raised its position in E-Trade Financial Corp. by 11.8% in the second quarter. I.G. Investment Management LTD. now owns 7,758 shares of the company’s stock worth $182,000 after buying an additional 821 shares during the period. Finally, Seven Eight Capital LLC purchased a new position in E-Trade Financial Corp. during the first quarter worth approximately $196,000. Institutional investors and hedge funds own 91.47% of the company’s stock.

E-Trade Financial Corp. Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

5 Day Chart for NASDAQ:ETFC

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