E*TRADE Financial (NASDAQ:ETFC) Given a $57.00 Price Target by Raymond James Analysts

E*TRADE Financial (NASDAQ:ETFC) has been given a $57.00 price target by analysts at Raymond James in a research note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the financial services provider’s stock. Raymond James’ price target indicates a potential upside of 17.21% from the stock’s previous close.

Several other equities research analysts have also weighed in on ETFC. Barclays set a $89.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a report on Friday. Morgan Stanley increased their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. BidaskClub lowered shares of YY from a “sell” rating to a “strong sell” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.64.

Shares of ETFC traded up $1.03 during mid-day trading on Friday, hitting $48.63. 3,604,000 shares of the company traded hands, compared to its average volume of 2,551,170. E*TRADE Financial has a one year low of $40.41 and a one year high of $62.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.24. The business has a 50-day simple moving average of $45.85. The stock has a market capitalization of $11.59 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.15.

E*TRADE Financial (NASDAQ:ETFC) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. E*TRADE Financial had a net margin of 36.75% and a return on equity of 18.44%. The business had revenue of $685.00 million for the quarter, compared to analysts’ expectations of $751.35 million. During the same period in the prior year, the firm earned $0.95 earnings per share. E*TRADE Financial’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that E*TRADE Financial will post 4.25 EPS for the current year.

In related news, Director Rodger A. Lawson sold 41,322 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 114,753 shares in the company, valued at approximately $5,523,061.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC bought a new stake in E*TRADE Financial during the 4th quarter worth approximately $27,000. Arrow Financial Corp bought a new stake in shares of E*TRADE Financial in the 1st quarter valued at $39,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of E*TRADE Financial by 32.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 222 shares during the last quarter. Gemmer Asset Management LLC bought a new stake in shares of E*TRADE Financial in the 2nd quarter valued at $42,000. Finally, NuWave Investment Management LLC boosted its stake in shares of E*TRADE Financial by 2,834.3% in the 1st quarter. NuWave Investment Management LLC now owns 1,027 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

About E*TRADE Financial

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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