E*TRADE Financial (NASDAQ:ETFC) PT Lowered to $55.00

E*TRADE Financial (NASDAQ:ETFC) had its price target lowered by Morgan Stanley from $61.00 to $55.00 in a report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the financial services provider’s stock.

ETFC has been the topic of several other research reports. Zacks Investment Research lowered shares of Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. BidaskClub lowered shares of Zebra Technologies from a hold rating to a sell rating in a research note on Friday, May 24th. Finally, Compass Point set a $52.00 price target on shares of E*TRADE Financial and gave the stock a buy rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. E*TRADE Financial presently has an average rating of Buy and a consensus price target of $57.42.

Shares of ETFC opened at $45.75 on Thursday. The business’s fifty day simple moving average is $45.68. E*TRADE Financial has a 12 month low of $40.41 and a 12 month high of $63.39. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.



E*TRADE Financial (NASDAQ:ETFC) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.16. E*TRADE Financial had a net margin of 37.50% and a return on equity of 18.06%. The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. During the same quarter in the prior year, the business posted $0.88 EPS. E*TRADE Financial’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts anticipate that E*TRADE Financial will post 4.3 EPS for the current year.

In related news, Director Rodger A. Lawson sold 41,322 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the completion of the sale, the director now directly owns 114,753 shares of the company’s stock, valued at approximately $5,523,061.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP bought a new stake in E*TRADE Financial in the 4th quarter valued at $15,197,000. Riverhead Capital Management LLC boosted its holdings in E*TRADE Financial by 34.7% in the 1st quarter. Riverhead Capital Management LLC now owns 125,556 shares of the financial services provider’s stock valued at $5,830,000 after purchasing an additional 32,361 shares during the period. Psagot Investment House Ltd. bought a new stake in E*TRADE Financial in the 4th quarter valued at $270,000. Trexquant Investment LP boosted its holdings in E*TRADE Financial by 124.9% in the 1st quarter. Trexquant Investment LP now owns 161,218 shares of the financial services provider’s stock valued at $7,485,000 after purchasing an additional 89,518 shares during the period. Finally, Prudential PLC bought a new stake in E*TRADE Financial in the 4th quarter valued at $395,000. 91.43% of the stock is owned by institutional investors and hedge funds.

E*TRADE Financial Company Profile

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

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Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

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