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E*Trade Financial (ETFC) Received its Third Buy in a Row


After Morgan Stanley and Jefferies gave E*Trade Financial (NASDAQ: ETFC) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Patrick O’Shaughnessy maintained a Buy rating on E*Trade Financial today and set a price target of $70. The company’s shares closed yesterday at $52.41.

According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 14.3% and a 73.2% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, Newmark Group Inc, and TD Ameritrade.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for E*Trade Financial with a $67.83 average price target, a 29.4% upside from current levels. In a report issued on September 19, Jefferies also upgraded the stock to Buy.

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E*Trade Financial’s market cap is currently $13.72B and has a P/E ratio of 18.76. The company has a Price to Book ratio of 2.21.

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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.