E*TRADE Financial Corporation (ETFC) Receives Price Target

E*TRADE Financial Corporation (ETFC) : The consensus price target for E*TRADE Financial Corporation (ETFC) is $29.2 for the short term with a standard deviation of $1.23. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $31, however, the pessimist price target for the company is $27.

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.


Also, Major Brokerage house, Barclays maintains its ratings on E*TRADE Financial Corporation (NASDAQ:ETFC). In the latest research report, Barclays raises the target price from $28 per share to $30 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 9, 2016.

E*TRADE Financial Corporation (NASDAQ:ETFC): The stock opened at $26.52 on Thursday but the bulls could not build on the opening and the stock topped out at $26.61 for the day. The stock traded down to $25.84 during the day, due to lack of any buying support eventually closed down at $26.16 with a loss of -0.83% for the day. The stock had closed at $26.38 on the previous day. The total traded volume was 2,840,163 shares.

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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