E*TRADE Financial (NASDAQ:ETFC) Price Target Increased to $56.00 by Analysts at Barclays

E*TRADE Financial (NASDAQ:ETFC) had its target price increased by Barclays from $53.00 to $56.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 18.27% from the company’s previous close.

Several other analysts have also weighed in on ETFC. Compass Point set a $52.00 price objective on shares of E*TRADE Financial and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Morgan Stanley raised their price objective on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. JMP Securities raised their price objective on shares of E*TRADE Financial to $63.00 and gave the stock a “market perform” rating in a report on Friday. Finally, BidaskClub lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.71.

NASDAQ:ETFC opened at $47.35 on Friday. E*TRADE Financial has a 12-month low of $40.41 and a 12-month high of $62.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $11.59 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.09 and a beta of 1.15. The business has a 50-day simple moving average of $45.64.

E*TRADE Financial (NASDAQ:ETFC) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The company had revenue of $685.00 million during the quarter, compared to analyst estimates of $751.35 million. E*TRADE Financial had a net margin of 36.75% and a return on equity of 18.57%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. Equities research analysts expect that E*TRADE Financial will post 4.25 earnings per share for the current fiscal year.

In other news, Director Rodger A. Lawson sold 41,322 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $48.13, for a total transaction of $1,988,827.86. Following the sale, the director now directly owns 114,753 shares of the company’s stock, valued at $5,523,061.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETFC. Bronfman E.L. Rothschild L.P. boosted its stake in E*TRADE Financial by 32.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 915 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 222 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in E*TRADE Financial by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,283 shares of the financial services provider’s stock valued at $1,545,000 after acquiring an additional 259 shares during the last quarter. ETF Managers Group LLC boosted its stake in E*TRADE Financial by 11.3% in the first quarter. ETF Managers Group LLC now owns 2,587 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 262 shares during the last quarter. FDx Advisors Inc. boosted its stake in E*TRADE Financial by 3.9% in the second quarter. FDx Advisors Inc. now owns 7,032 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 267 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in E*TRADE Financial by 4.3% in the first quarter. Cozad Asset Management Inc. now owns 7,200 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 300 shares during the last quarter. 91.46% of the stock is currently owned by institutional investors and hedge funds.

About E*TRADE Financial

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

Read More: What causes a recession?

Analyst Recommendations for E*TRADE Financial (NASDAQ:ETFC)

Receive News & Ratings for E*TRADE Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for E*TRADE Financial and related companies with MarketBeat.com's FREE daily email newsletter.