Brokerage Firm Rating Update on E*TRADE Financial Corporation (ETFC)

E*TRADE Financial Corporation (ETFC) : Zacks Investment Research ranks E*TRADE Financial Corporation (ETFC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.67, which indicates as a Buy.

E*TRADE Financial Corporation (ETFC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $27. The average forecast of all the analysts is $29.2 and the expected standard deviation is $1.23.


For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Barclays maintains its rating on E*TRADE Financial Corporation (NASDAQ:ETFC). As per the latest information, the brokerage house raises the price target to $30 per share from a prior target of $28. The shares have been rated Overweight. The rating by the firm was issued on August 9, 2016.

E*TRADE Financial Corporation (NASDAQ:ETFC): The stock opened at $25.96 and touched an intraday high of $26.13 on Wednesday. During the day, the stock corrected to an intraday low of $25.8, however, the bulls stepped in and pushed the price higher to close in the green at $26.11 with a gain of 0.58% for the day. The total traded volume for the day was 1,299,940. The stock had closed at $25.96 in the previous trading session.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers 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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