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A number of other analysts have also weighed in on ETFC. 13 Analysts reported that the Price Target for E*TRADE Financial Corporation might touch $32 high while the Average Price Target and Low price Target is $29.77 and $26 respectively.
With a rating of Outperform on the shares, E-Trade Financial Corp. has a 52-week high of $30.98. Compass Point lowered their price target on E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating for the company in a report on Friday, July 22nd.
E-Trade Financial Corp.is now covered by analysts at Credit Suisse Group AG. Changes in price targets are not unusual. Three months ago, stock has been recommended as “BUY” from “3” and “2” given “OVERWEIGHT” rating for the company.
In a different note, On Aug 9, 2016, Barclays said it Maintains its rating on E*TRADE Financial Corp. The 52-week high of the shares is $30.98 while the 52-week low is $19.61.
The company has a 50 day moving average of 26.19 and a 200 day moving average of 25.35. The company’s net profit margin has achieved the current level of 15.1% and possesses 93.6% gross margin. (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, July 21st. The corporation has an earnings per share (EPS) ratio of 0.79. Analysts had an estimated revenue of $472.90M. E-Trade Financial Corp. Equities analysts forecast that E-Trade Financial Corp. will post $1.70 EPS for the current year.
Several hedge funds have recently modified their holdings of ETFC.
With that in mind, E-Trade Financial Corp. Gateway Investment Advisers LLC now owns 22,017 shares of the company’s stock worth $517,000 after buying an additional 75 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in E-Trade Financial Corp. during the first quarter valued at approximately $132,000. According to the SEC, on April 27, 2016, Karl A Roessner (EVP & General Counsel) sold 16,828 shares at $25.93 per share price. Glenmede Trust Co. NA raised its stake in shares of E-Trade Financial Corp.by 3.1% in the second quarter. Victory Capital Management Inc. now owns 2,561,124 shares of the company’s stock worth $23,562,000 after buying an additional 98,199 shares in the last quarter. I.G. Investment Management LTD. raised its stake in E-Trade Financial Corp.by 11.8% in the second quarter.
In a different news, on April 28, 2016, Brent Simonich (Principal Accounting Officer) sold 3,994 shares at $26.22 per share price.
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E*TRADE Financial Corporation (NASDAQ:ETFC)’s earnings per share growth ratio for the past 5 years was noted as 54.3% while revenue increase for the past 5 years was -8.5%. The Company offers its customers to take control of its financial futures by providing the products tools services and advice they need to meet their near and long term investing goals. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.
