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.

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

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.

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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.

5 Day Chart for NASDAQ:ETFC

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