Companies in the Financial sector have received a lot of coverage today as analysts weigh in on E*Trade Financial (ETFC), Western Alliance (WAL) and Progressive (PGR).
E*Trade Financial (ETFC)
In a report released today, Christopher Harris from Wells Fargo maintained a Hold rating on E*Trade Financial, with a price target of $40.00. The company’s shares closed last Monday at $39.04.
According to TipRanks.com, Harris is a 4-star analyst with an average return of 9.0% and a 66.0% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Cboe Global Markets Inc.
E*Trade Financial has an analyst consensus of Moderate Buy, with a price target consensus of $44.25.
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Western Alliance (WAL)
Stephens analyst Tyler Stafford assigned a Buy rating to Western Alliance yesterday and set a price target of $55.00. The company’s shares closed last Monday at $46.25.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.0% and a 51.5% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Currently, the analyst consensus on Western Alliance is a Strong Buy with an average price target of $57.00, which is a 23.2% upside from current levels. In a report issued on October 3, SunTrust Robinson also maintained a Buy rating on the stock with a $56.00 price target.
Progressive (PGR)
Credit Suisse analyst Michael Zaremski maintained a Buy rating on Progressive today and set a price target of $85.00. The company’s shares closed last Monday at $71.47.
Zaremski has an average return of 13.4% when recommending Progressive.
According to TipRanks.com, Zaremski is ranked #1583 out of 5556 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Progressive with a $89.22 average price target, which is a 24.8% upside from current levels. In a report issued on October 16, B.Riley FBR also maintained a Buy rating on the stock with a $96.00 price target.
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