E*TRADE Financial Corporation (ETFC) Given “Buy” Rating at Deutsche Bank AG

Deutsche Bank AG restated their buy rating on shares of E*TRADE Financial Corporation (NASDAQ:ETFC) in a research note released on Friday.

Other analysts have also issued research reports about the company. SunTrust Banks, Inc. increased their target price on E*TRADE Financial Corporation from $42.00 to $43.00 and gave the company a buy rating in a report on Friday, June 16th. UBS AG reaffirmed a buy rating and issued a $43.00 price target on shares of E*TRADE Financial Corporation in a research note on Wednesday, March 22nd. Instinet reaffirmed a buy rating and issued a $44.00 price target (up from $42.00) on shares of E*TRADE Financial Corporation in a research note on Sunday, April 23rd. Zacks Investment Research raised shares of E*TRADE Financial Corporation from a hold rating to a buy rating and set a $41.00 price target on the stock in a research note on Wednesday, June 21st. Finally, Rosenblatt Securities began coverage on shares of E*TRADE Financial Corporation in a research note on Thursday. They issued a buy rating and a $43.00 price target on the stock. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $37.53.

E*TRADE Financial Corporation (NASDAQ ETFC) traded up 0.05% during trading on Friday, reaching $39.52. The company’s stock had a trading volume of 1,631,223 shares. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $35.53. E*TRADE Financial Corporation has a 52 week low of $24.35 and a 52 week high of $39.70. The firm has a market capitalization of $10.86 billion, a P/E ratio of 20.49 and a beta of 1.46.

E*TRADE Financial Corporation (NASDAQ:ETFC) last released its earnings results on Thursday, April 20th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. The company had revenue of $553 million during the quarter, compared to analyst estimates of $532.43 million. E*TRADE Financial Corporation had a return on equity of 9.09% and a net margin of 26.90%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities analysts anticipate that E*TRADE Financial Corporation will post $1.98 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Exane Derivatives bought a new stake in E*TRADE Financial Corporation during the second quarter valued at $130,000. Americafirst Capital Management LLC acquired a new position in shares of E*TRADE Financial Corporation during the first quarter worth approximately $152,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of E*TRADE Financial Corporation by 107.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,291 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,223 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of E*TRADE Financial Corporation by 163.9% in the second quarter. Meeder Asset Management Inc. now owns 5,656 shares of the financial services provider’s stock worth $215,000 after buying an additional 3,513 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of E*TRADE Financial Corporation by 0.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,021 shares of the financial services provider’s stock worth $229,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About E*TRADE Financial Corporation

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 Corporation (NASDAQ:ETFC)

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