Equities researchers at Compass Point raised their target price on shares of E TRADE Financial (NASDAQ: ETFC) from $10.00 to $11.00 in a report issued on Thursday. The firm currently has a “neutral” rating on the stock.
Shares of E TRADE Financial opened at 11.82 on Thursday. E TRADE Financial has a 52 week low of $7.08 and a 52 week high of $11.82. The stock’s 50-day moving average is currently $10.91. The company’s market cap is $3.381 billion.
E TRADE Financial last released its earnings data on Thursday, January 24th. The company reported ($0.65) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.54) by $0.11. The company had revenue of $467.70 million for the quarter, compared to the consensus estimate of $472.46 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that E TRADE Financial will post $0.54 earnings per share for the current fiscal year.
ETFC has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods downgraded shares of E TRADE Financial from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday. Separately, analysts at BMO Capital Markets raised their price target on shares of E TRADE Financial from $10.00 to $11.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Finally, analysts at Nomura downgraded shares of E TRADE Financial from a “buy” rating to a “neutral” rating in a research note to investors on Friday, February 22nd. They now have a $11.00 price target on the stock. They noted that the move was a valuation call.
One analyst has rated the stock with a buy rating, fourteen have issued a hold rating, and three have given an underweight rating to the stock. E TRADE Financial has a consensus rating of “hold” and a consensus target price of $10.34.
E*TRADE Financial Corporation (E*TRADE) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.
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