Opinion

Analysts Advise About E*TRADE Financial Corporation (NASDAQ:ETFC)

E*TRADE Financial Corporation (NASDAQ:ETFC) stock is presently standing at about $35.73 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $42.00, which suggests the stock could still rise over 15 percent. The highest analyst price target is $46.00, which implies a rally of 71 percent. And a quick view of analyst notes show that 9 are rating the stock a buy while 2 rate ETFC a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.

Sandler O’Neill analysts provided their view on E*TRADE Financial Corporation (NASDAQ:ETFC) recently. The rating firm issued a Hold rating to this company in a research note released on Mar 02, 2017. SunTrust analysts disclosed their opinion on E*TRADE Financial Corporation (NASDAQ:ETFC) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 19, 2016. According to a research note disclosed on Oct 13, 2016, analysts at BofA/Merrill have lowered their rating on these shares from Buy to Neutral.

E*TRADE Financial Corporation (NASDAQ:ETFC) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Principal Accounting Officer Simonich Brent sold 6,968 company shares for 248060, in a transaction on 2017-02-10. Following the transaction, the Principal Accounting Officer is left with a stake of 37,181 shares, currently valued at $1328477. Meanwhile, CFO Pizzi Michael A. sold 46,910 shares worth $1670000, through a transaction dated 2017-02-10. Following the completion of the transaction, the insider is left with a stake of 120,119 shares, amounting $4291851.87. ETFC CEO Roessner Karl A also sold 16,476 shares, at a stock price of $34.72. This transaction occurred on 2017-02-08 totals $572050. After this transaction, the insider’s stake stands at 247,600 shares, with a market value of $8846748.

Executives hold 3.96 percent of the stock. Loius A. Klobuchar,Jr is one of the biggest insider owners in E*TRADE Financial Corporation (NASDAQ:ETFC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,863,847 shares which have current market value of around $66595253.31.Mitchell H. Caplan is another major inside shareholder in the company. The insider owns 1,352,705 shares as of 0.49%, currently worth $48332149.65. Donald H. Layton is ranked as third insider holder of the stock. This insider holds 1,314,322 shares with a market value around $46960725.06 as of recent close.

E*TRADE Financial Corporation (NASDAQ:ETFC) Earnings Outlook

In E*TRADE Financial Corporation (NASDAQ:ETFC)’s latest quarter, EPS moved to $0.46 from $0.51 in preceding quarter and revenues reached at $509.00M compared to $486.00M. Analysts had expected E*TRADE Financial Corporation (NASDAQ:ETFC) to post net income of about $0.42 per share on $504.11M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.34 to $0.42. That is compared with the $0.43 in EPS it reported during the same period a year ago.

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