E*TRADE Financial Corporation (NASDAQ: ETFC) recently received a number of ratings updates from brokerages and research firms:

  • 7/28/2017 – E*TRADE Financial Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/25/2017 – E*TRADE Financial Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $43.00 price target on the stock, up previously from $40.00.
  • 7/24/2017 – E*TRADE Financial Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 7/23/2017 – E*TRADE Financial Corporation had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $44.00 price target on the stock, up previously from $42.00.
  • 7/22/2017 – E*TRADE Financial Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/22/2017 – E*TRADE Financial Corporation had its “buy” rating reaffirmed by analysts at Instinet. They now have a $47.00 price target on the stock, up previously from $44.00.
  • 7/22/2017 – E*TRADE Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $43.00 price target on the stock, up previously from $39.00.
  • 7/22/2017 – E*TRADE Financial Corporation had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $49.00 price target on the stock, up previously from $43.00.
  • 7/21/2017 – E*TRADE Financial Corporation had its price target raised by analysts at Bank of America Corporation from $40.00 to $44.00. They now have a “neutral” rating on the stock.
  • 7/21/2017 – E*TRADE Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $44.00 price target on the stock.
  • 7/21/2017 – E*TRADE Financial Corporation had its price target raised by analysts at Deutsche Bank AG from $45.00 to $47.00. They now have a “buy” rating on the stock.
  • 7/14/2017 – E*TRADE Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $43.00 price target on the stock.
  • 7/14/2017 – E*TRADE Financial Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/13/2017 – E*TRADE Financial Corporation is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $43.00 price target on the stock.
  • 7/10/2017 – E*TRADE Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 7/10/2017 – E*TRADE Financial Corporation had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock, up previously from $38.00.
  • 7/4/2017 – E*TRADE Financial Corporation had its price target lowered by analysts at Deutsche Bank AG from $40.00 to $39.00. They now have a “buy” rating on the stock.
  • 6/21/2017 – E*TRADE Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “E*TRADE’s shares outperformed the Zacks categorized Investment Brokers industry in the last six months. E*TRADE’s several restructuring measures and balance-sheet growth plans keep us encouraged. We anticipate the company’s focus on core operations and strategic initiatives to lead to an improved profitability. Further, the company’s improving credit quality keeps us encouraged. Though, escalating expenses and intense competition remain near-term concerns, ease in regulations is likely to support profitability in the near-term.”
  • 6/16/2017 – E*TRADE Financial Corporation had its price target raised by analysts at SunTrust Banks, Inc. from $42.00 to $43.00. They now have a “buy” rating on the stock.
  • 6/13/2017 – E*TRADE Financial Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/12/2017 – E*TRADE Financial Corporation had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $41.00 price target on the stock, up previously from $40.00.

E*TRADE Financial Corporation (NASDAQ:ETFC) opened at 40.15 on Friday. The firm has a market capitalization of $11.06 billion, a P/E ratio of 18.76 and a beta of 1.48. The company has a 50-day moving average price of $39.58 and a 200-day moving average price of $36.45. E*TRADE Financial Corporation has a one year low of $24.85 and a one year high of $42.19.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. E*TRADE Financial Corporation had a return on equity of 9.06% and a net margin of 28.42%. The business had revenue of $577 million during the quarter, compared to analyst estimates of $553.31 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that E*TRADE Financial Corporation will post $2.26 EPS for the current year.

In related news, Director James P. Healy acquired 5,000 shares of E*TRADE Financial Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was acquired at an average price of $41.97 per share, for a total transaction of $209,850.00. Following the transaction, the director now directly owns 40,792 shares of the company’s stock, valued at approximately $1,712,040.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brent Simonich sold 5,696 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $41.50, for a total value of $236,384.00. Following the transaction, the insider now owns 31,557 shares of the company’s stock, valued at approximately $1,309,615.50. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

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.

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