Impact of Brokerage Rating on E*TRADE Financial Corporation(ETFC)

Many E*TRADE Financial Corporation(ETFC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. E*TRADE Financial Corp was Upgraded by Goldman to Buy on Jan 10, 2017. Company shares were Upgraded by SunTrust on Dec 19, 2016 to Buy, Raises Price Target to $ 40 from a previous price target of $34 .E*TRADE Financial Corp was Initiated by Keefe Bruyette on Dec 8, 2016 to Mkt Perform, Price Target of the shares are set at $38.50.Company shares were Reiterated by SunTrust on Nov 29, 2016 to Hold, Raises Price Target to $ 34 from a previous price target of $31 .

Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Karl A Roessner (Chief Executive Officer) sold 16,476 shares at 34.72 per share price.On Nov 16, 2016, Brent Simonich (Principal Accounting Officer) sold 7,996 shares at 32.68 per share price.On Feb 11, 2016, Michael A. Pizzi (EVP & Chief Financial Officer) sold 22,262 shares at 21.29 per share price.

E*TRADE Financial Corp Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.42. The company had revenue of $509.00 million for the quarter, compared to analysts expectations of $507.67 million. The companys revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

E*TRADE Financial Corporation (NASDAQ:ETFC) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.73 by 11 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

E*TRADE Financial Corporation (NASDAQ:ETFC): The stock price is expected to reach $ 38.09 in the short term. The number of analysts agreeing with this consensus is 11. The higher estimate for the short term price target is at $45 while the lower estimate is at $30. The standard deviation of the price stands at $5.45.

E*TRADE Financial Corporation (NASDAQ:ETFC) rose 1.99% or 0.72 points on Tuesday and made its way into the gainers of the day. After trading began at $35.89 the stock was seen hitting $36.93 as a peak level and $35.89 as the lowest level. The stock ended up at $36.88. The daily volume was measured at 2,556,784 shares. The 52-week high of the share price is $38.61 and the 52-week low is $21.15. The company has a market cap of $10,104 million.

E*TRADE Financial Corp was incorporated in California in 1982 and reincorporated in Delaware in July 1996. It is a financial services company and an online brokerage industry. The Company offers easy to use solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 company branches across the United States. The company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.


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