After Jefferies and Wells Fargo gave E*Trade Financial (NASDAQ: ETFC) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Brian Bedell maintained a Buy rating on E*Trade Financial today and set a price target of $59. The company’s shares closed yesterday at $52.51.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Affiliated Managers, and Franklin Resources.
E*Trade Financial has an analyst consensus of Strong Buy, with a price target consensus of $62, a 18.1% upside from current levels. In a report issued on November 2, Wolfe Research also upgraded the stock to Buy.
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The company has a one-year high of $66.46 and a one-year low of $43.75. Currently, E*Trade Financial has an average volume of 3.24M.
Based on the recent corporate insider activity of 54 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
