E*TRADE Financial (NASDAQ:ETFC) received a $70.00 price objective from stock analysts at Morgan Stanley in a research report issued on Tuesday, September 18th. The firm presently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 40.56% from the stock’s current price.

ETFC has been the subject of several other reports. Raymond James cut their price objective on shares of E*TRADE Financial from $77.00 to $75.00 and set a “strong-buy” rating for the company in a research report on Friday, July 13th. Zacks Investment Research upgraded shares of E*TRADE Financial from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, July 16th. Wells Fargo & Co raised their price objective on shares of E*TRADE Financial from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, May 21st. They noted that the move was a valuation call. ValuEngine cut shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Finally, BidaskClub cut shares of E*TRADE Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.44.

NASDAQ:ETFC traded up $0.28 during trading hours on Tuesday, reaching $49.80. 3,647,312 shares of the company were exchanged, compared to its average volume of 2,676,160. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $13.83 billion, a PE ratio of 22.74, a P/E/G ratio of 0.90 and a beta of 1.09. E*TRADE Financial has a twelve month low of $42.55 and a twelve month high of $66.46.

E*TRADE Financial (NASDAQ:ETFC) last issued its earnings results on Thursday, July 19th. The financial services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.07. The business had revenue of $710.00 million during the quarter, compared to analysts’ expectations of $707.78 million. E*TRADE Financial had a net margin of 29.13% and a return on equity of 13.39%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Research analysts forecast that E*TRADE Financial will post 3.6 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ETFC. Oliver Luxxe Assets LLC purchased a new position in E*TRADE Financial in the third quarter worth approximately $664,000. Manning & Napier Group LLC lifted its stake in E*TRADE Financial by 7.7% in the third quarter. Manning & Napier Group LLC now owns 1,601,115 shares of the financial services provider’s stock worth $83,880,000 after acquiring an additional 115,004 shares during the last quarter. Bremer Trust National Association lifted its stake in E*TRADE Financial by 43.3% in the third quarter. Bremer Trust National Association now owns 30,830 shares of the financial services provider’s stock worth $1,616,000 after acquiring an additional 9,312 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in E*TRADE Financial by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 42,575 shares of the financial services provider’s stock worth $2,229,000 after acquiring an additional 2,855 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in E*TRADE Financial in the second quarter worth approximately $6,811,000. 90.81% 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 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.

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

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