E*TRADE Financial Corp. Price Target Raised to $40.00 at Sterne Agee (ETFC)

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Sterne Agee lifted their price objective on shares of E*TRADE Financial Corp. (NASDAQ:ETFC) to $40.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price would indicate a potential upside of 68.35% from the company’s current price.

E*TRADE Financial Corp. (NASDAQ:ETFC) traded up 1.33% during mid-day trading on Tuesday, hitting $24.076. The stock had a trading volume of 1,192,216 shares. E*TRADE Financial Corp. has a 52 week low of $9.52 and a 52 week high of $24.09. The stock has a 50-day moving average of $21.8 and a 200-day moving average of $18.97. The company has a market cap of $6.917 billion and a P/E ratio of 81.93.

E*TRADE Financial Corp. (NASDAQ:ETFC) last announced its earnings results on Wednesday, January 22nd. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $447.10 million for the quarter, compared to the consensus estimate of $425.81 million. During the same quarter last year, the company posted ($0.65) earnings per share. E*TRADE Financial Corp.’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that E*TRADE Financial Corp. will post $0.92 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of E*TRADE Financial Corp. in a research note on Monday, February 10th. They now have a $21.50 price target on the stock. Separately, analysts at JMP Securities upgraded shares of E*TRADE Financial Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, January 27th. They now have a $26.00 price target on the stock. Finally, analysts at Compass Point upgraded shares of E*TRADE Financial Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, January 24th. They now have a $25.00 price target on the stock, up previously from $16.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. E*TRADE Financial Corp. presently has an average rating of “Hold” and a consensus price target of $19.21.

E*TRADE Financial Corporation (NASDAQ:ETFC) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial.

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