BidaskClub downgraded shares of E*TRADE Financial (NASDAQ:ETFC) from a sell rating to a strong sell rating in a report published on Friday.

Several other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of E*TRADE Financial from $71.00 to $70.00 and set an overweight rating on the stock in a research note on Friday, July 20th. Morgan Stanley upped their price objective on shares of E*TRADE Financial from $74.00 to $78.00 and gave the company an overweight rating in a research note on Thursday, July 12th. UBS Group reiterated a buy rating and issued a $73.00 price objective (up previously from $67.00) on shares of E*TRADE Financial in a research note on Thursday, May 31st. Compass Point initiated coverage on shares of E*TRADE Financial in a research note on Monday, June 4th. They issued a buy rating and a $72.00 price objective on the stock. Finally, ValuEngine lowered shares of E*TRADE Financial from a buy rating to a hold rating in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $67.25.

ETFC stock opened at $53.31 on Friday. E*TRADE Financial has a 52-week low of $41.37 and a 52-week high of $66.46. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.43. The company has a market cap of $14.12 billion, a PE ratio of 24.34, a PEG ratio of 0.92 and a beta of 1.12.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.07. The firm had revenue of $710.00 million for the quarter, compared to analyst estimates of $707.78 million. E*TRADE Financial had a net margin of 29.13% and a return on equity of 13.39%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. equities research analysts anticipate that E*TRADE Financial will post 3.59 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in E*TRADE Financial by 16.7% in the second quarter. BlackRock Inc. now owns 25,360,724 shares of the financial services provider’s stock worth $1,551,060,000 after acquiring an additional 3,638,467 shares in the last quarter. FMR LLC grew its position in E*TRADE Financial by 10.5% in the second quarter. FMR LLC now owns 15,313,266 shares of the financial services provider’s stock worth $936,560,000 after acquiring an additional 1,452,296 shares in the last quarter. First Trust Advisors LP grew its position in E*TRADE Financial by 0.7% in the second quarter. First Trust Advisors LP now owns 3,779,822 shares of the financial services provider’s stock worth $231,174,000 after acquiring an additional 26,355 shares in the last quarter. Janus Henderson Group PLC grew its position in E*TRADE Financial by 18.6% in the second quarter. Janus Henderson Group PLC now owns 2,932,616 shares of the financial services provider’s stock worth $179,359,000 after acquiring an additional 460,318 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in E*TRADE Financial by 2,043.1% in the second quarter. Voya Investment Management LLC now owns 2,921,063 shares of the financial services provider’s stock worth $178,653,000 after acquiring an additional 2,784,761 shares in the last quarter. 90.95% of the stock is owned by institutional investors.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

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Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

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