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

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

ETFC has been the topic of a number of other research reports. Deutsche Bank AG reiterated a buy rating on shares of E-Trade Financial Corp. in a report on Sunday, July 10th. Nomura reiterated a buy rating on shares of E-Trade Financial Corp. in a report on Monday, July 11th. Bank of America Corp. reiterated a buy rating and set a $28.00 target price on shares of E-Trade Financial Corp. in a report on Tuesday, September 13th. Compass Point lowered 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. Finally, Jefferies Group lowered 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. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. E-Trade Financial Corp. currently has an average rating of Buy and an average target price of $30.16.

E-Trade Financial Corp. (NASDAQ:ETFC) opened at 28.19 on Friday. The company’s 50-day moving average price is $26.08 and its 200-day moving average price is $25.33. The stock has a market cap of $7.81 billion, a P/E 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $474 million for the quarter, compared to analysts’ expectations of $472.50 million. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. Equities analysts forecast that E-Trade Financial Corp. will post $1.69 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised 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 raised 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 raised 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 raised 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 raised 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. 91.48% of the stock is currently owned by institutional investors.

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

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