Credit Agricole SA restated their outperform rating on shares of E-Trade Financial Corp. (NASDAQ:ETFC) in a report issued on Friday. They currently have a $29.00 price target on the stock.

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

ETFC has been the subject of several other reports. Goldman Sachs Group Inc. cut E-Trade Financial Corp. from a buy rating to a neutral rating and set a $26.00 price objective for the company. in a research note on Friday, July 22nd. Compass Point reduced their price objective on 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. Nomura restated a buy rating on shares of E-Trade Financial Corp. in a research note on Monday, July 11th. Deutsche Bank AG restated a buy rating and issued a $31.00 price objective on shares of E-Trade Financial Corp. in a research note on Sunday, June 5th. Finally, Bank of America Corp. restated a buy rating and issued a $28.00 price objective on shares of E-Trade Financial Corp. in a research note on Tuesday, September 13th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $30.16.

E-Trade Financial Corp. (NASDAQ:ETFC) opened at 28.19 on Friday. The company has a 50-day moving average price of $26.08 and a 200-day moving average price of $25.33. The stock has a market capitalization of $7.81 billion, a PE ratio of 36.95 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.

E-Trade Financial Corp. (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. The company earned $474 million during the quarter, compared to analysts’ expectations of $472.50 million. Analysts expect that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in E-Trade Financial Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 25,221,597 shares of the company’s stock valued at $592,455,000 after buying an additional 218,178 shares during the period. Bank of New York Mellon Corp increased its position in E-Trade Financial Corp. by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 13,940,715 shares of the company’s stock valued at $327,468,000 after buying an additional 170,691 shares during the period. Primecap Management Co. CA increased its position in E-Trade Financial Corp. by 5.0% in the second quarter. Primecap Management Co. CA now owns 11,913,900 shares of the company’s stock valued at $279,858,000 after buying an additional 570,600 shares during the period. State Street Corp increased its position in E-Trade Financial Corp. by 0.5% in the second quarter. State Street Corp now owns 11,500,647 shares of the company’s stock valued at $270,149,000 after buying an additional 54,252 shares during the period. Finally, Southpoint Capital Advisors LP increased 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 during the period. Institutional investors and hedge funds 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.

5 Day Chart for NASDAQ:ETFC

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.