Jefferies Reiterates a Hold Rating on TD Ameritrade


Jefferies analyst Daniel Fannon reiterated a Hold rating on TD Ameritrade (NASDAQ: AMTD) on July 11 and set a price target of $62. The company’s shares closed yesterday at $55.07.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.

TD Ameritrade has an analyst consensus of Moderate Buy, with a price target consensus of $64.67, representing a 17.4% upside. In a report issued on June 28, Credit Suisse also maintained a Hold rating on the stock with a $58 price target.

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The company has a one-year high of $63.01 and a one-year low of $41.88. Currently, TD Ameritrade has an average volume of 2.06M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock.

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TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by J. Joseph Ricketts in 1971 and is headquartered in Omaha, NE.

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