Analysts Offer Insights on Financial Companies: E*Trade Financial (ETFC), AvalonBay (AVB) and Infrareit (HIFR)


Companies in the Financial sector have received a lot of coverage today as analysts weigh in on E*Trade Financial (NASDAQ:ETFC), AvalonBay (NYSE:AVB) and Infrareit (NYSE:HIFR).

E*Trade Financial (ETFC)

In a report issued on October 19, Patrick O’Shaughnessy from Raymond James maintained a Buy rating on E*Trade Financial, with a price target of $64. The company’s shares closed yesterday at $48.36.

O’Shaughnessy has an average return of 23.7% when recommending E*Trade Financial.

According to TipRanks.com, O’Shaughnessy is ranked #195 out of 4892 analysts.

Currently, the analyst consensus on E*Trade Financial is a Strong Buy with an average price target of $63.89, representing a 32.1% upside. In a report issued on October 8, UBS also maintained a Buy rating on the stock with a $70 price target.

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AvalonBay (AVB)

In a report released yesterday, Steve Sakwa from Evercore ISI downgraded AvalonBay to Hold. The company’s shares closed yesterday at $172.84.

According to TipRanks.com, Sakwa is a 3-star analyst with an average return of 3.9% and a 56.9% success rate. Sakwa covers the Financial sector, focusing on stocks such as Alexandria Equities, Taubman Centers, and Cubesmart.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AvalonBay with a $195 average price target, a 12.8% upside from current levels. In a report issued on October 12, Barclays also maintained a Hold rating on the stock with a $178 price target.

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Infrareit (HIFR)

Wells Fargo analyst Neil Kalton maintained a Hold rating on Infrareit on October 19 and set a price target of $21. The company’s shares closed yesterday at $21.03.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 8.1% and a 71.7% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and Pattern Energy.

Infrareit has an analyst consensus of Hold, with a price target consensus of $21.

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