Published On: Fri, Sep 23rd, 2016

Investment Analysts’ Weekly Ratings Updates for E-Trade Financial Corp. (ETFC)

Several analysts have recently updated their ratings and price targets for E-Trade Financial Corp. (NASDAQ: ETFC):

9/22/2016 – E-Trade Financial Corp. had its price target raised by analysts at Credit Agricole SA from $29.00 to $33.00. They now have an “outperform” rating on the stock.
9/21/2016 – E-Trade Financial Corp. is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $33.00 price target on the stock. They wrote, “The E*Trade story is at another critical inflexion point — the lack of core business growth resulted in the ouster of the CEO last week; the new management team has effectively been set an implicit target of 2–3 percent incremental business growth or ‘we’ll consider that this company is better in other people’s hand in terms of shareholder value,’” analyst Christian Bolu wrote in a note.Commenting on the possibility of a takeout by TD Ameritrade Holding Corp. (NASDAQ: AMTD)/Charles Schwab Corp (NYSE: SCHW), the analyst said the acquisition would offer “little to no premium to current prices”
9/16/2016 – E-Trade Financial Corp. had its “outperform” rating reaffirmed by analysts at Credit Agricole SA. They now have a $29.00 price target on the stock.
9/13/2016 – E-Trade Financial Corp. had its “buy” rating reaffirmed by analysts at Bank of America Corp.. They now have a $28.00 price target on the stock.
8/9/2016 – E-Trade Financial Corp. was given a new $30.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
8/3/2016 – E-Trade Financial Corp. had its “buy” rating reaffirmed by analysts at Nomura. They now have a $32.00 price target on the stock.
7/25/2016 – E-Trade Financial Corp. had its “buy” rating reaffirmed by analysts at Nomura. They now have a $32.00 price target on the stock, up previously from $30.00.

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) opened at 28.46 on Friday. E-Trade Financial Corp. has a 12 month low of $19.61 and a 12 month high of $30.98. The firm has a 50-day moving average price of $26.30 and a 200-day moving average price of $25.38. The stock has a market cap of $7.88 billion, a PE ratio of 37.30 and a beta of 1.89.
E-Trade Financial Corp. (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.10. The business earned $474 million during the quarter, compared to analysts’ expectations of $472.50 million. E-Trade Financial Corp. had a return on equity of 7.64% and a net margin of 15.07%. Equities analysts forecast that E-Trade Financial Corp. will post $1.70 EPS for the current year.
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.

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