E-Trade Financial Corp. (ETFC) Price Target Raised to $34.00
E-Trade Financial Corp. (NASDAQ:ETFC) had its target price raised by research analysts at SunTrust Banks Inc. from $31.00 to $34.00 in a research note issued on Tuesday. The firm presently has a “hold” rating on the stock. SunTrust Banks Inc.’s target price indicates a potential downside of 0.15% from the company’s previous close.
A number of other analysts have also recently issued reports on ETFC. Bank of America Corp. reissued a “buy” rating and set a $28.00 target price on shares of E-Trade Financial Corp. in a research note on Tuesday, September 13th. Barclays PLC set a $30.00 target price on E-Trade Financial Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 9th. reissued an “outperform” rating and set a $29.00 target price on shares of E-Trade Financial Corp. in a research note on Friday, September 16th. Nomura reissued a “buy” rating and set a $32.00 target price on shares of E-Trade Financial Corp. in a research note on Wednesday, August 3rd. Finally, Buckingham Research reissued a “buy” rating and set a $33.00 target price on shares of E-Trade Financial Corp. in a research note on Monday, October 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. E-Trade Financial Corp. presently has a consensus rating of “Buy” and an average target price of $31.94.
Shares of E-Trade Financial Corp. (NASDAQ:ETFC) opened at 33.89 on Tuesday. The stock has a 50 day moving average of $30.23 and a 200-day moving average of $27.06. The firm has a market capitalization of $9.30 billion, a PE ratio of 18.70 and a beta of 1.69. E-Trade Financial Corp. has a 52 week low of $19.61 and a 52 week high of $34.67.
E-Trade Financial Corp. (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The company earned $486 million during the quarter, compared to analysts’ expectations of $645 million. E-Trade Financial Corp. had a return on equity of 8.31% and a net margin of 27.25%. E-Trade Financial Corp.’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Equities analysts anticipate that E-Trade Financial Corp. will post $1.82 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “E-Trade Financial Corp. (ETFC) Price Target Raised to $34.00” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of U.S. & international copyright laws. The original version of this article can be read at http://www.dailypolitical.com/2016/11/29/e-trade-financial-corp-etfc-price-target-raised-to-34-00.html.
Several large investors have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. bought a new stake in E-Trade Financial Corp. during the second quarter valued at approximately $110,000. 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 during 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 during the last quarter. Acadian Asset Management LLC bought a new stake in E-Trade Financial Corp. during the third quarter valued at approximately $187,000. Finally, Seven Eight Capital LLC bought a new stake in E-Trade Financial Corp. during the first quarter valued at approximately $196,000. 90.55% of the stock is 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.
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.