E-Trade Financial Corp. (NASDAQ:ETFC) Given Average Recommendation of “Buy” by Analysts
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/e-trade-financial-corp-nasdaqetfc-given-average-recommendation-of-buy-by-analysts.html
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.
Receive News & Ratings for E-Trade Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E-Trade Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.