E*TRADE Financial Corp (NASDAQ:ETFC) (Trend Analysis) shares were traded with a significant increase in volume. The stock closed last trading session at $31.58, up by 5.23%, with a volume of 5,892,859 shares against an average amount for the last three months of 3,293,910.
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E*TRADE Financial Corp (NASDAQ:ETFC) stock is currently trading 0.72% below its 52-week-high, 61.04% above its 52-week-low. The 1-year stock price history is in the range of $19.61 – $31.81. E*TRADE Financial Corp (ETFC) has a price to earnings ratio of 17.43 versus Financial sector average of 15.9. ETFC stock price has outperformed the Nasdaq by 0.5%. The Diversified Financial Services company is currently valued at $8.66 billion, and its share price closed the last trading session at $31.58. The stock has a 50-day moving average of $28.58 and a 200-day moving average of $26.34.
E*TRADE Financial Corp (ETFC) current short interest stands at 4.48 million shares. It has increased by 4% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.29 million shares, the number of days required to cover the short positions stand at 1.4 days.
ETFC is forecasted to report earnings per share of $0.41 and a revenue of $494.14 million for the 4th Quarter of the fiscal year 2016. E*TRADE Financial Corp (ETFC) declared last quarter earnings on October 20. The Diversified Financial Services company announced last quarter earnings per share of $0.51 against a consensus Street estimate of $0.38, beating the average estimate by $0.13. The company posted a revenue of $486 million compared to an estimation of $466.3 million.
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There are currently seventeen analysts that cover E*TRADE Financial Corp stock. Of those seventeen, twelve have a Buy rating, five have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $32.13.
A recent analyst activity consisted of Nomura Securities reiterating their Buy stance on October 21. Nomura Securities increased their price target on ETFC from $32 to $33. This corresponds to a 4.5% upside from the last closing price. On the date of report, the stock closed at $29.5.
BofA/Merrill Lynch downgraded their Buy rating to Neutral on October 13. On the date of report, the stock closed at $28.12.
Another research firm was Credit Suisse who initiated their coverage on the stock with Outperform rating on September 21. Credit Suisse fixed their price target at $33. This translates to a 4.5% upside from the last closing price. On the date of report, the stock closed at $28.5.
E*TRADE Financial Corporation provides online brokerage and related products and services primarily to individual retail investors. The Company’s products and services include investor-focused banking, primarily sweep deposits and savings products, and asset gathering.