In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Buy rating on E*Trade Financial (NASDAQ: ETFC), with a price target of $71. The company’s shares closed yesterday at $64.76, close to its 52-week high of $66.07.
According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 8.9% and a 69.6% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.
Currently, the analyst consensus on E*Trade Financial is Strong Buy and the average price target is $68.55, representing a 5.9% upside.
In a report issued on May 21, Wells Fargo also reiterated a Buy rating on the stock with a $73 price target.
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Based on E*Trade Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $732 million and net profit of $247 million. In comparison, last year the company earned revenue of $573 million and had a net profit of $145 million.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.
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E*TRADE Financial Corp. engages in the provision of investment and online stock brokerage services. It offers digital platforms and support to individual investors through phone, email, and online via two national financial centers as well as in personal though financial centers.
