E-Trade Financial Corp. (NASDAQ:ETFC)‘s stock had its “outperform” rating restated by stock analysts at Credit Agricole SA in a note issued to investors on Friday. They presently have a $29.00 price target on the stock. Credit Agricole SA’s target price points to a potential upside of 1.79% from the stock’s previous close.

ETFC has been the topic of a number of other reports. Goldman Sachs Group Inc. cut shares of E-Trade Financial Corp. from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Friday, July 22nd. Compass Point lowered their price objective on shares of E-Trade Financial Corp. from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, July 22nd. Nomura reissued a “buy” rating on shares of E-Trade Financial Corp. in a research note on Monday, July 11th. Deutsche Bank AG reissued a “buy” rating and issued a $31.00 price objective on shares of E-Trade Financial Corp. in a research note on Sunday, June 5th. Finally, Bank of America Corp. reissued a “buy” rating and issued a $28.00 price objective on shares of E-Trade Financial Corp. in a research note on Tuesday, September 13th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.97.

Analyst Recommendations for E-Trade Financial Corp. (NASDAQ:ETFC)

Shares of E-Trade Financial Corp. (NASDAQ:ETFC) opened at 28.49 on Friday. The stock has a 50 day moving average of $25.99 and a 200-day moving average of $25.31. The stock has a market capitalization of $7.89 billion, a P/E ratio of 37.34 and a beta of 1.89. E-Trade Financial Corp. has a 1-year low of $19.61 and a 1-year high of $30.98.

E-Trade Financial Corp. (NASDAQ:ETFC) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.10. The business earned $474 million during the quarter, compared to the consensus estimate of $472.50 million. E-Trade Financial Corp. had a net margin of 15.07% and a return on equity of 7.64%. Equities research analysts predict that E-Trade Financial Corp. will post $1.69 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ETFC. Gateway Investment Advisers LLC raised its position in E-Trade Financial Corp. by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 22,017 shares of the company’s stock valued at $517,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its stake in E-Trade Financial Corp. by 1.3% in the second quarter. LS Investment Advisors LLC now owns 12,642 shares of the company’s stock worth $297,000 after buying an additional 162 shares in the last quarter. CIBC Asset Management Inc raised its stake in E-Trade Financial Corp. by 0.7% in the second quarter. CIBC Asset Management Inc now owns 28,701 shares of the company’s stock worth $674,000 after buying an additional 200 shares in the last quarter. Glenmede Trust Co. NA raised its stake in E-Trade Financial Corp. by 3.1% in the second quarter. Glenmede Trust Co. NA now owns 11,544 shares of the company’s stock worth $270,000 after buying an additional 344 shares in the last quarter. Finally, Hancock Holding Co. raised its stake in E-Trade Financial Corp. by 1.9% in the second quarter. Hancock Holding Co. now owns 29,724 shares of the company’s stock worth $698,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.

E-Trade Financial Corp. Company Profile

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.

5 Day Chart for NASDAQ:ETFC

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