E*TRADE Financial (ETFC) Receiving Favorable Media Coverage, Report Finds

News coverage about E*TRADE Financial (NASDAQ:ETFC) has trended positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. E*TRADE Financial earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6335345656653 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently issued reports on ETFC. Credit Suisse Group began coverage on shares of E*TRADE Financial in a report on Thursday, November 30th. They issued an “outperform” rating and a $56.00 price target for the company. Zacks Investment Research downgraded shares of E*TRADE Financial from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Deutsche Bank increased their price target on shares of E*TRADE Financial from $48.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $50.00 price target on shares of E*TRADE Financial in a report on Friday, October 20th. Finally, Barclays increased their price target on shares of E*TRADE Financial from $49.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.40.

Shares of E*TRADE Financial (NASDAQ:ETFC) traded down $0.74 during midday trading on Monday, reaching $49.64. 1,653,698 shares of the company were exchanged, compared to its average volume of 2,692,864. The firm has a market cap of $13,370.00, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. E*TRADE Financial has a 12-month low of $32.25 and a 12-month high of $50.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.27 and a current ratio of 0.27.

E*TRADE Financial (NASDAQ:ETFC) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.04. The firm had revenue of $599.00 million for the quarter, compared to analysts’ expectations of $598.96 million. E*TRADE Financial had a net margin of 27.35% and a return on equity of 9.34%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. analysts predict that E*TRADE Financial will post 2.26 earnings per share for the current year.

In related news, insider Michael John Curcio sold 33,474 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $40.38, for a total value of $1,351,680.12. Following the sale, the insider now directly owns 267,151 shares of the company’s stock, valued at approximately $10,787,557.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Karl A. Roessner sold 8,578 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $40.49, for a total transaction of $347,323.22. Following the completion of the sale, the chief executive officer now directly owns 225,731 shares in the company, valued at $9,139,848.19. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

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E*TRADE Financial Company Profile

E*Trade Financial Corporation is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors.

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