E*TRADE Financial (ETFC) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for E*TRADE Financial (NASDAQ: ETFC):

  • 2/13/2018 – E*TRADE Financial had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $66.00 price target on the stock.
  • 1/30/2018 – E*TRADE Financial had its price target raised by analysts at Morgan Stanley from $63.00 to $64.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – E*TRADE Financial was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/30/2018 – E*TRADE Financial had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $70.00 price target on the stock.
  • 1/26/2018 – E*TRADE Financial had its price target raised by analysts at UBS Group AG from $61.00 to $63.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – E*TRADE Financial had its price target raised by analysts at SunTrust Banks, Inc. to $65.00. They now have a “buy” rating on the stock.
  • 1/16/2018 – E*TRADE Financial had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $67.00 price target on the stock, up previously from $56.00.
  • 1/11/2018 – E*TRADE Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $58.00 price target on the stock.
  • 1/8/2018 – E*TRADE Financial had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $56.00 price target on the stock.
  • 1/4/2018 – E*TRADE Financial had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, up previously from $51.00.
  • 1/3/2018 – E*TRADE Financial was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $43.00 price target on the stock, down previously from $44.00.
  • 12/19/2017 – E*TRADE Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Shares of E*TRADE have outperformed the industry so far, this year. The performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. E*TRADE’s several restructuring measures and balance-sheet growth plans keep us encouraged. We anticipate the company’s focus on core operations and strategic initiatives to lead to an improved performance of the top line. Further, the company’s improving credit quality and solid capital position will aid profitability. However, intense competition and stretched valuation remain near-term concerns for E*TRADE. Notably, the company has recorded rise in DARTs in first two months of the current quarter.”

E*TRADE Financial Corp (ETFC) opened at $51.53 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $13,354.74, a PE ratio of 23.97, a P/E/G ratio of 0.71 and a beta of 1.34. E*TRADE Financial Corp has a 12 month low of $32.25 and a 12 month high of $56.00.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.13). The business had revenue of $637.00 million during the quarter, compared to the consensus estimate of $629.03 million. E*TRADE Financial had a return on equity of 10.07% and a net margin of 25.95%. The firm’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. analysts anticipate that E*TRADE Financial Corp will post 3.24 earnings per share for the current year.

In related news, CEO Karl A. Roessner sold 115,059 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $51.79, for a total value of $5,958,905.61. Following the completion of the transaction, the chief executive officer now directly owns 196,828 shares in the company, valued at approximately $10,193,722.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph L. Sclafani sold 2,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $52.75, for a total transaction of $105,500.00. Following the completion of the transaction, the director now owns 36,304 shares of the company’s stock, valued at $1,915,036. The disclosure for this sale can be found here. Over the last quarter, insiders sold 224,899 shares of company stock valued at $11,633,684. 0.17% of the stock is owned by company insiders.

E*Trade Financial Corporation is a financial services company. The Company provides online 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.

Leave a Reply