Barclays PLC Increases E-Trade Financial Corp. (ETFC) Price Target to $33.00
E-Trade Financial Corp. (NASDAQ:ETFC) had its target price boosted by analysts at Barclays PLC from $30.00 to $33.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price target would suggest a potential upside of 17.35% from the company’s current price.
Several other equities analysts have also commented on ETFC. Jefferies Group dropped their target price on E-Trade Financial Corp. from $27.00 to $25.50 and set a “hold” rating on the stock in a report on Thursday, July 7th. Nomura dropped their target price on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating on shares of E-Trade Financial Corp. in a report on Sunday, July 10th. Buckingham Research started coverage on E-Trade Financial Corp. in a report on Wednesday, July 13th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Compass Point dropped their target price on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.12.
E-Trade Financial Corp. (NASDAQ:ETFC) traded down 2.06% during trading on Thursday, hitting $28.12. The company’s stock had a trading volume of 4,157,832 shares. The company has a 50-day moving average of $27.69 and a 200 day moving average of $25.78. The firm has a market cap of $7.79 billion, a PE ratio of 36.85 and a beta of 1.70. 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, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $474 million for the quarter, compared to analyst estimates of $472.50 million. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. On average, equities analysts forecast that E-Trade Financial Corp. will post $1.70 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. purchased a new stake in E-Trade Financial Corp. during the second quarter valued at about $110,000. Meeder Asset Management Inc. purchased a new stake in E-Trade Financial Corp. during the first quarter valued at about $132,000. FNY Managed Accounts LLC increased its stake 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 valued at $161,000 after buying an additional 3,850 shares in the last quarter. I.G. Investment Management LTD. increased its stake 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 valued at $182,000 after buying an additional 821 shares in the last quarter. Finally, Seven Eight Capital LLC purchased a new stake in E-Trade Financial Corp. during the first quarter valued at about $196,000. 91.48% of the stock is owned by institutional investors and hedge funds.
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.
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