Analysts Set E*TRADE Financial Corp (ETFC) Price Target at $48.60

E*TRADE Financial Corp (NASDAQ:ETFC) has been assigned an average recommendation of “Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $50.40.

Several research firms have weighed in on ETFC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $58.00 price objective on shares of E*TRADE Financial in a report on Thursday. Morgan Stanley upgraded E*TRADE Financial from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $44.00 to $43.00 in a report on Wednesday, January 3rd. Jefferies Group reiterated a “hold” rating and issued a $56.00 price objective on shares of E*TRADE Financial in a report on Monday. Wells Fargo & Co restated an “outperform” rating and issued a $60.00 target price (up previously from $51.00) on shares of E*TRADE Financial in a research note on Thursday, January 4th. Finally, Barclays raised their target price on E*TRADE Financial from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th.

E*TRADE Financial (NASDAQ ETFC) traded up $0.27 during midday trading on Monday, reaching $52.96. The company’s stock had a trading volume of 1,519,676 shares, compared to its average volume of 2,168,785. E*TRADE Financial has a 1-year low of $32.25 and a 1-year high of $53.65. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.26. The stock has a market cap of $14,220.00, a PE ratio of 24.86, a P/E/G ratio of 1.16 and a beta of 1.46.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. E*TRADE Financial had a return on equity of 9.34% and a net margin of 27.35%. The business had revenue of $599.00 million during the quarter, compared to analysts’ expectations of $598.96 million. During the same quarter last year, the business posted $0.51 EPS. The business’s revenue was up 23.3% on a year-over-year basis. equities analysts forecast that E*TRADE Financial will post 2.27 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETFC. Quadrant Capital Group LLC raised its stake in E*TRADE Financial by 21.8% during the second quarter. Quadrant Capital Group LLC now owns 3,436 shares of the financial services provider’s stock valued at $121,000 after buying an additional 614 shares during the last quarter. Advisors Asset Management Inc. raised its stake in E*TRADE Financial by 80.8% during the second quarter. Advisors Asset Management Inc. now owns 3,239 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,448 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in E*TRADE Financial during the third quarter valued at $136,000. Krilogy Financial LLC raised its stake in E*TRADE Financial by 7.5% during the second quarter. Krilogy Financial LLC now owns 3,710 shares of the financial services provider’s stock valued at $141,000 after buying an additional 260 shares during the last quarter. Finally, Financial Counselors Inc. purchased a new position in E*TRADE Financial during the second quarter valued at $203,000. Institutional investors own 94.14% of the company’s stock.

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About E*TRADE Financial

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.

Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

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