The analysts wrote, “We downgrade AMTD from Buy to Neutral, lower EPS estimates and sharply cut 12-month price targets as interest rate and retail trading re-engagement risks re-ignite, which increasingly call into question: a) near term EPS power; and, b) timing of more normalized EPS.”
A number of other analysts have also recently weighed in on AMTD. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of TD Ameritrade in a research note to investors on Tuesday, May 29th. Separately, analysts at BGB Securities initiated coverage on shares of TD Ameritrade in a research note to investors on Thursday, May 3rd. They set a “sell” rating on the stock. Finally, analysts at GARP Research reiterated a “neutral” rating on shares of TD Ameritrade in a research note to investors on Friday, April 20th.
Shares of TD Ameritrade traded down 2.13% during mid-day trading on Monday, hitting $16.12. TD Ameritrade has a 52 week low of $13.43 and a 52 week high of $20.76. The company has a market cap of $8.839 billion and a P/E ratio of 15.24.
TD Ameritrade last announced its earnings results on Tuesday, April 17th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that TD Ameritrade will post $0.29 earnings per share next quarter.
TD Ameritrade Holding Corporation (TD Ameritrade) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs).