E*TRADE Financial Corporation (ETFC) : Analyst Rating Update

E*TRADE Financial Corporation (ETFC) : The consensus on E*TRADE Financial Corporation (ETFC) based on 10 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

E*TRADE Financial Corporation (ETFC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $25. The average forecast of all the analysts is $29.33 and the expected standard deviation is $2.78.

E*TRADE Financial Corporation (NASDAQ:ETFC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.13 and $21.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.57, notching a gain of 1.07% for the day. The total traded volume was 2,926,481 . The stock had closed at $22.33 on the previous day.

Also, Deutsche Bank maintains its view on E*TRADE Financial Corporation (NASDAQ:ETFC) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $31 per share to $29 per share on E*TRADE Financial Corporation. The rating by the firm was issued on June 16, 2016. The company shares have dropped -20.11% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $30.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $25.63 and the 200 Day Moving Average price is recorded at $25.05.

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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