TD Ameritrade (AMTD) Gets a Buy Rating from Merrill Lynch


Merrill Lynch analyst Michael Carrier maintained a Buy rating on TD Ameritrade (NASDAQ: AMTD) today and set a price target of $63. The company’s shares opened today at $55.09.

Carrier has an average return of 11.3% when recommending TD Ameritrade.

According to TipRanks.com, Carrier is ranked #1684 out of 4883 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TD Ameritrade with a $65.93 average price target.

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The company has a one-year high of $63.01 and a one-year low of $46.66. Currently, TD Ameritrade has an average volume of 2.24M.

Based on the recent corporate insider activity of 79 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 AMTD 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.

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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