Saturday, 20 January, 2018

Stock On the Run: E*TRADE Financial Corporation (ETFC)

Nellie Chapman | 11 October, 2017, 13:11

E*TRADE Financial Corporation (NASDAQ:ETFC)'s stock has been a favorite of "smart money" aka institutions, as of late. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.

The consensus recommendation, according to Zacks Investment research, is 1.9. Earnings Yield is calculated by taking the operating income or earnings before interest and taxes (EBIT) and dividing it by the Enterprise Value of the company. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. E*TRADE's several restructuring measures and balance-sheet growth plans keep us encouraged. The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts). Finally, Financial Counselors Inc. acquired a new position in E*TRADE Financial Corporation in the second quarter worth about $203,000. Instinet restated a "buy" rating and set a $44.00 price target (up previously from $42.00) on shares of E*TRADE Financial Corp in a report on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock.

E*Trade Financial Corporation is a financial services company.

E*TRADE Financial Corporation (NASDAQ:ETFC) ended its day at $44.43 with the rising stream of 1.09% and its total traded volume was 2.97 million shares more than the average volume. The big banks are holding 94.90% of the shares while company insiders are clinging to 0.40%. E*TRADE Financial Corporation has a 1-year low of $27.33 and a 1-year high of $45.70. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

The stock's 50 day moving average is 41.67 and its 200 day moving average is 38.10.

E*TRADE Financial Corp (NASDAQ:ETFC) last announced its earnings results on Thursday, April 20th. The firm's revenue was up 21.7% compared to the same quarter a year ago.

E*TRADE Financial Corporation had its "buy" rating reiterated by analysts at SunTrust. This works out to an increase of 30.46% compared to last year's earnings. After $1.33 actual earnings per share reported by Rogers Corporation for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth. The average analysts gave this company a mean recommendation of 2.30. This repurchase authorization permits the financial services provider to repurchase up to 9.2% of its stock through open market purchases.

ILLEGAL ACTIVITY NOTICE: This piece was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & global copyright & trademark law.

12/08/2016 - Keefe, Bruyette & Woods began new coverage on E*TRADE Financial Corporation giving the company a "market perform" rating. This is a bearish signal that suggests the stock price might have farther to fall. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

E*TRADE Financial Corporation was upgraded to "buy" by analysts at Bank of America Merrill Lynch. The shares were sold at an average price of $41.50, for a total transaction of $236,384.00. Ladenburg Thalmann Financial Services Inc. now owns 4,291 shares of the financial services provider's stock worth $153,000 after buying an additional 2,223 shares in the last quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of ETFC. E*TRADE Financial Corporation (NasdaqGS:ETFC) presently has a 10 month price index of 1.24012. About shares traded. ACNB Corporation (ACNB) has risen 28.32% since October 9, 2016 and is uptrending.

07/21/2017 - E*TRADE Financial Corporation had its "hold" rating reiterated by analysts at Jefferies.

Globalstar, Inc. (NYSE:GSAT)posting a -4.71% after which it closed the day' session at $1.62 and sees an average of 3.15M shares trade hands in each session while it's while its relative trading volume is 1.55. BNP Paribas Arbitrage SA raised its position in Flushing Financial Corporation by 277.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of E*TRADE Financial Corp during the fourth quarter worth about $206,000. Finally, Financial Counselors Inc. bought a new stake in E*TRADE Financial Corporation during the 2nd quarter valued at $203,000. The Firm provides online brokerage and related services and products primarily to individual retail investors under the brand E*TRADE Financial. It operates federally chartered savings banks with the primary goal of maximizing the value of deposits generated through its brokerage business.