E*TRADE Financial Corporation (NASDAQ:ETFC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $25. The average forecast of all the analysts is $29.33 and the expected standard deviation is $2.78.
E*TRADE Financial Corporation has lost 10.31% in the last five trading days and dropped 15.93% in the last 4 weeks. E*TRADE Financial Corporation has dropped 5.93% during the last 3-month period . Year-to-Date the stock performance stands at -20.75%. Also, Deutsche Bank maintains its rating on E*TRADE Financial Corporation (NASDAQ:ETFC). The global brokerage major lowers the current price target from $31 per share to $29 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on June 16, 2016.
E*TRADE Financial Corporation (NASDAQ:ETFC) : 5 brokerage houses believe that E*TRADE Financial Corporation (NASDAQ:ETFC) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on E*TRADE Financial Corporation (NASDAQ:ETFC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
E*TRADE Financial Corporation (NASDAQ:ETFC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.06 and $22.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.49, notching a gain of 1.91% for the day. The total traded volume was 3,503,575 . The stock had closed at $23.05 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Simonich Brent, officer (Principal Accounting Officer) of E Trade Financial Corp, had unloaded 3,994 shares at an average price of $26.22 in a transaction dated on April 26, 2016. The total value of the transaction was worth $104,723.
E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.