E-Trade Financial Corp. (NASDAQ:ETFC) had its price objective hoisted by Credit Agricole SA from $29.00 to $33.00 in a research note issued on Thursday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Credit Agricole SA’s price target indicates a potential upside of 15.79% from the stock’s previous close.

Several other brokerages have also issued reports on ETFC. Credit Suisse Group AG started coverage on shares of E-Trade Financial Corp. in a report on Wednesday. They issued an “outperform” rating and a $33.00 price target for the company. Deutsche Bank AG boosted their price target on shares of E-Trade Financial Corp. from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, May 27th. Bank of America Corp. reissued a “buy” rating and issued a $28.00 price target on shares of E-Trade Financial Corp. in a report on Tuesday, September 13th. Barclays PLC set a $30.00 price target on shares of E-Trade Financial Corp. and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Nomura reissued a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of E-Trade Financial Corp. in a report on Monday, July 25th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.41.

Analyst Recommendations for E-Trade Financial Corp. (NASDAQ:ETFC)

E-Trade Financial Corp. (NASDAQ:ETFC) traded up 1.30% during trading on Thursday, reaching $28.87. 534,194 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $26.19 and a 200-day moving average price of $25.35. The firm has a market cap of $8.00 billion, a PE ratio of 37.84 and a beta of 1.89. E-Trade Financial Corp. has a 12 month low of $19.61 and a 12 month high of $30.98.

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E-Trade Financial Corp. (NASDAQ:ETFC) last released its earnings results on Thursday, July 21st. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 earned $474 million during the quarter, compared to analyst estimates of $472.50 million. On average, analysts forecast that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pennant Capital Management LLC raised its position in E-Trade Financial Corp. by 58.8% in the first quarter. Pennant Capital Management LLC now owns 2,955,992 shares of the company’s stock valued at $72,392,000 after buying an additional 1,095,000 shares in the last quarter. Southpoint Capital Advisors LP raised its position in E-Trade Financial Corp. by 44.9% in the first quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the company’s stock valued at $122,450,000 after buying an additional 1,550,000 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in E-Trade Financial Corp. by 371.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,521,862 shares of the company’s stock valued at $61,760,000 after buying an additional 1,987,100 shares in the last quarter. Royal Bank of Canada raised its position in E-Trade Financial Corp. by 17.8% in the first quarter. Royal Bank of Canada now owns 859,249 shares of the company’s stock valued at $21,044,000 after buying an additional 129,580 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in E-Trade Financial Corp. by 90.3% in the first quarter. Prudential Financial Inc. now owns 692,611 shares of the company’s stock valued at $16,962,000 after buying an additional 328,720 shares in the last quarter. Institutional investors own 91.48% of the company’s stock.

About E-Trade Financial Corp.

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.

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