TD Ameritrade’s (AMTD) “Underperform” Rating Reaffirmed at Credit Suisse Group

TD Ameritrade (NASDAQ:AMTD)‘s stock had its “underperform” rating reiterated by analysts at Credit Suisse Group in a report issued on Tuesday, The Fly reports. They currently have a $52.00 price objective on the financial services provider’s stock, up from their prior price objective of $45.00. Credit Suisse Group’s price target points to a potential downside of 5.47% from the company’s previous close.

A number of other research analysts have also commented on AMTD. BidaskClub upgraded TD Ameritrade from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Citigroup restated a “neutral” rating and issued a $50.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 10th. Barclays upgraded TD Ameritrade from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $54.00 to $68.00 in a research note on Monday, January 8th. Wells Fargo & Co restated an “outperform” rating and issued a $67.00 target price (up from $56.00) on shares of TD Ameritrade in a research note on Thursday, January 4th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $53.00 target price on shares of TD Ameritrade in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.81.

Shares of TD Ameritrade (NASDAQ AMTD) traded up $0.42 during midday trading on Tuesday, hitting $55.01. The company had a trading volume of 2,712,200 shares, compared to its average volume of 2,739,664. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $31,150.00, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.57. TD Ameritrade has a twelve month low of $36.12 and a twelve month high of $55.29.

TD Ameritrade (NASDAQ:AMTD) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $958.57 million. TD Ameritrade had a return on equity of 15.91% and a net margin of 23.72%. TD Ameritrade’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. equities analysts anticipate that TD Ameritrade will post 2.68 EPS for the current year.

Several large investors have recently made changes to their positions in AMTD. Schwab Charles Investment Management Inc. increased its stake in shares of TD Ameritrade by 5.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 482,646 shares of the financial services provider’s stock valued at $20,749,000 after buying an additional 24,790 shares in the last quarter. Federated Investors Inc. PA increased its stake in shares of TD Ameritrade by 5.1% in the second quarter. Federated Investors Inc. PA now owns 4,054 shares of the financial services provider’s stock valued at $174,000 after buying an additional 198 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of TD Ameritrade by 2.9% in the second quarter. Prudential Financial Inc. now owns 18,016 shares of the financial services provider’s stock valued at $775,000 after buying an additional 500 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of TD Ameritrade by 131.4% in the second quarter. Alliancebernstein L.P. now owns 485,117 shares of the financial services provider’s stock valued at $20,855,000 after buying an additional 275,503 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of TD Ameritrade by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,620 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,008 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

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TD Ameritrade Company Profile

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs.

The Fly

Analyst Recommendations for TD Ameritrade (NASDAQ:AMTD)

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