SunTrust Banks reaffirmed their buy rating on shares of E*TRADE Financial (NASDAQ:ETFC) in a report released on Friday. The brokerage currently has a $53.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for E*TRADE Financial’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $2.27 EPS, Q1 2018 earnings at $0.61 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $2.65 EPS.

ETFC has been the topic of a number of other reports. Deutsche Bank increased their price objective on shares of E*TRADE Financial from $48.00 to $49.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of E*TRADE Financial from a hold rating to a buy rating and set a $50.00 target price on the stock in a research report on Tuesday, October 10th. Barclays started coverage on shares of E*TRADE Financial in a research report on Friday, September 8th. They set an overweight rating and a $45.00 target price on the stock. Credit Suisse Group started coverage on shares of E*TRADE Financial in a research report on Thursday, November 30th. They set an outperform rating and a $56.00 target price on the stock. Finally, Bank of America raised shares of E*TRADE Financial from a neutral rating to a buy rating and raised their target price for the stock from $44.00 to $49.00 in a research report on Monday, October 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. E*TRADE Financial has a consensus rating of Buy and a consensus target price of $47.60.

E*TRADE Financial (NASDAQ ETFC) traded up $1.45 during trading on Friday, reaching $49.88. 4,564,044 shares of the company were exchanged, compared to its average volume of 2,377,923. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.27 and a quick ratio of 0.27. E*TRADE Financial has a 12 month low of $32.25 and a 12 month high of $50.90. The stock has a market cap of $12,978.97, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.71 and a beta of 1.45.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $598.96 million. During the same period in the prior year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts predict that E*TRADE Financial will post 2.26 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of E*TRADE Financial by 0.5% during the second quarter. Vanguard Group Inc. now owns 29,167,934 shares of the financial services provider’s stock valued at $1,109,256,000 after purchasing an additional 157,269 shares in the last quarter. FMR LLC boosted its stake in E*TRADE Financial by 24.3% in the second quarter. FMR LLC now owns 10,737,023 shares of the financial services provider’s stock valued at $408,329,000 after acquiring an additional 2,096,445 shares in the last quarter. Victory Capital Management Inc. boosted its stake in E*TRADE Financial by 25.3% in the second quarter. Victory Capital Management Inc. now owns 7,845,331 shares of the financial services provider’s stock valued at $298,357,000 after acquiring an additional 1,586,062 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in E*TRADE Financial by 3.4% in the second quarter. TIAA CREF Investment Management LLC now owns 5,053,621 shares of the financial services provider’s stock valued at $192,189,000 after acquiring an additional 166,595 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in E*TRADE Financial by 29.1% in the second quarter. Northern Trust Corp now owns 4,599,263 shares of the financial services provider’s stock valued at $174,911,000 after acquiring an additional 1,035,976 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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E*TRADE Financial Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides online 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.

Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

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