E*TRADE Financial Corporation (ETFC) Receives ‘Analyst’ Rating

E*TRADE Financial Corporation (ETFC) : 12 analysts are covering E*TRADE Financial Corporation (ETFC) and their average rating on the stock is 1.67, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. E*TRADE Financial Corporation (ETFC) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

E*TRADE Financial Corporation (ETFC) : The highest short term price target forecast on E*TRADE Financial Corporation (ETFC) is $31 and the lowest target price is $27. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $29.2 with a standard deviation of $1.23.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on E*TRADE Financial Corporation (NASDAQ:ETFC). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $28 per share to $30 per share. The rating by the firm was issued on August 9, 2016.

E*TRADE Financial Corporation (NASDAQ:ETFC): After opening at $27.28, the stock dipped to an intraday low of $27.1491 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.59 and the buying power remained strong till the end. The stock closed at $28.32 for the day, a gain of 3.96% for the day session. The total traded volume was 6,143,165. The stocks close on the previous trading day was $27.24.

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.

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