In a report released yesterday, Craig Siegenthaler from Credit Suisse maintained a Buy rating on E*Trade Financial (ETFC), with a price target of $58. The company’s shares closed yesterday at $47.60.
According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 3.8% and a 56.5% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Raymond James Financial, and WisdomTree Investments.
Currently, the analyst consensus on E*Trade Financial is a Strong Buy with an average price target of $58.88, which is a 23.7% upside from current levels. In a report issued on January 4, Wells Fargo also maintained a Buy rating on the stock with a $55 price target.
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Based on E*Trade Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $762 million and net profit of $285 million. In comparison, last year the company earned revenue of $667 million and had a net profit of $129 million.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ETFC in relation to earlier this year.
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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.
