Several brokerages have updated their recommendations and price targets on shares of E*TRADE Financial (NASDAQ: ETFC) in the last few weeks:

  • 1/16/2018 – E*TRADE Financial had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $67.00 price target on the stock, up previously from $56.00.
  • 1/11/2018 – E*TRADE Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $58.00 price target on the stock.
  • 1/8/2018 – E*TRADE Financial had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $56.00 price target on the stock.
  • 1/4/2018 – E*TRADE Financial had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, up previously from $51.00.
  • 1/3/2018 – E*TRADE Financial was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $43.00 price target on the stock, down previously from $44.00.
  • 12/19/2017 – E*TRADE Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Shares of E*TRADE have outperformed the industry so far, this year. The performance was supported by the company’s impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. 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 performance of the top line. Further, the company’s improving credit quality and solid capital position will aid profitability. However, intense competition and stretched valuation remain near-term concerns for E*TRADE. Notably, the company has recorded rise in DARTs in first two months of the current quarter.”
  • 12/15/2017 – E*TRADE Financial had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $53.00 price target on the stock.
  • 11/30/2017 – E*TRADE Financial is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $56.00 price target on the stock.

E*TRADE Financial Corp (ETFC) opened at $53.67 on Wednesday. E*TRADE Financial Corp has a 12-month low of $32.25 and a 12-month high of $54.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $14,380.00, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The business had revenue of $599.00 million during the quarter, compared to analyst estimates of $598.96 million. During the same quarter last year, the business earned $0.51 earnings per share. E*TRADE Financial’s quarterly revenue was up 23.3% compared to the same quarter last year. equities research analysts forecast that E*TRADE Financial Corp will post 2.28 EPS for the current fiscal year.

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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