E-Trade Financial Corp. (NASDAQ:ETFC) had its price target upped by research analysts at Credit Agricole SA from $29.00 to $33.00 in a report released on Thursday. The firm presently has an “outperform” rating on the stock. Credit Agricole SA’s price target would indicate a potential upside of 15.79% from the company’s previous close.

A number of other research analysts also recently commented on ETFC. Deutsche Bank AG reaffirmed a “buy” rating on shares of E-Trade Financial Corp. in a research note on Sunday, July 10th. Nomura reaffirmed a “buy” rating on shares of E-Trade Financial Corp. in a research note on Monday, July 11th. Bank of America Corp. reaffirmed a “buy” rating and set a $28.00 price objective on shares of E-Trade Financial Corp. in a research note on Tuesday, September 13th. Compass Point dropped their price objective on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, July 22nd. Finally, Jefferies Group dropped their price objective on shares of E-Trade Financial Corp. from $27.00 to $25.50 and set a “hold” rating for the company in a research note on Thursday, July 7th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. E-Trade Financial Corp. presently has an average rating of “Buy” and an average target price of $30.41.

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

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) traded up 1.30% on Thursday, reaching $28.87. 485,036 shares of the company were exchanged. E-Trade Financial Corp. has a 1-year low of $19.61 and a 1-year high of $30.98. The stock has a market capitalization of $8.00 billion, a PE ratio of 37.84 and a beta of 1.89. The company has a 50-day moving average price of $26.19 and a 200 day moving average price of $25.35.

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E-Trade Financial Corp. (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.48 EPS for the quarter, beating the Zacks’ 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 company earned $474 million during the quarter, compared to the consensus estimate of $472.50 million. On average, analysts forecast that E-Trade Financial Corp. will post $1.69 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC boosted its position in E-Trade Financial Corp. by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 22,017 shares of the company’s stock valued at $517,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC boosted its position in E-Trade Financial Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 12,642 shares of the company’s stock valued at $297,000 after buying an additional 162 shares during the period. CIBC Asset Management Inc boosted its position in E-Trade Financial Corp. by 0.7% in the second quarter. CIBC Asset Management Inc now owns 28,701 shares of the company’s stock valued at $674,000 after buying an additional 200 shares during the period. Glenmede Trust Co. NA boosted its position in E-Trade Financial Corp. by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 11,544 shares of the company’s stock valued at $270,000 after buying an additional 344 shares during the period. Finally, Hancock Holding Co. boosted its position in E-Trade Financial Corp. by 1.9% in the second quarter. Hancock Holding Co. now owns 29,724 shares of the company’s stock valued at $698,000 after buying an additional 543 shares during the period. Institutional investors own 91.48% 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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