Positive Media Coverage Somewhat Unlikely to Impact E*TRADE Financial (ETFC) Stock Price

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News headlines about E*TRADE Financial (NASDAQ:ETFC) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. E*TRADE Financial earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.4793631350509 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s scoring:

A number of brokerages have recently commented on ETFC. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, April 3rd. Wells Fargo & Co increased their target price on shares of E*TRADE Financial from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, May 21st. They noted that the move was a valuation call. JMP Securities reiterated a “positive” rating and issued a $64.00 target price (up from $60.00) on shares of E*TRADE Financial in a research report on Friday, April 20th. ValuEngine upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Credit Suisse Group increased their target price on shares of E*TRADE Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Friday, April 20th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. E*TRADE Financial has an average rating of “Buy” and a consensus price target of $61.17.

Shares of ETFC opened at $64.84 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. E*TRADE Financial has a 12-month low of $36.09 and a 12-month high of $66.46. The stock has a market capitalization of $17.02 billion, a P/E ratio of 29.61, a PEG ratio of 1.07 and a beta of 1.27.

E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. E*TRADE Financial had a net margin of 28.40% and a return on equity of 11.64%. The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $686.31 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. E*TRADE Financial’s quarterly revenue was up 28.0% on a year-over-year basis. equities research analysts anticipate that E*TRADE Financial will post 3.64 EPS for the current year.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand. It also offers investor-focused banking products, primarily sweep deposits to retail investors; Federal Deposit Insurance Corporation insurance services; clearing and settlement services; investment advisory services; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients.

Insider Buying and Selling by Quarter for E*TRADE Financial (NASDAQ:ETFC)

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