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BofA Merrill upgraded TD Ameritrade (NASDAQ:AMTD) from Neutral to Buy in a report released today.

BofA Merrill has upgraded TD Ameritrade (NASDAQ:AMTD) from Neutral to Buy in a report released on 10/13/2016.

Previously on 9/26/2016, Morgan Stanley reported on TD Ameritrade (NASDAQ:AMTD) increased the target price from $0.00 to $34.00. At the time, this indicated a possible upside of 0.03%.

Just yesterday TD Ameritrade (NASDAQ:AMTD) traded -1.68% lower at $35.70. TD Ameritrade’s 50-day moving average is $33.48 and its 200-day moving average is $31.09. The last closing price is up 12.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,318,016 shares of AMTD traded hands, down from an average trading volume of 2,400,030

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TD Ameritrade (NASDAQ:AMTD)

TD Ameritrade has a 52 week low of $24.88 and a 52 week high of $37.90 with a P/E ratio of 21.53 The company’s market cap is currently $0.

In addition to BofA Merrill reporting its stock price target, a total of 14 analysts have released a report on the company. The average stock price target is $31.68 with two equity analysts rating the company a strong buy, 7 firms rating the stock a buy, nine analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly 0 firms rating the stock a sell.

General Information About TD Ameritrade (NASDAQ:AMTD)

TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. The Company provides its services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs. The Company's products and services include common and preferred stock, exchange-traded funds, options, futures, foreign exchange, mutual funds, fixed income, new and secondary issue securities, margin lending, cash management services and annuities. The Company uses its platform to offer brokerage services to retail investors and investment advisors. In addition, it also offers various products and services to retail clients, such as touch-tone trading, trading over the Internet, real-time quotes, extended trading hours and direct access to market destinations.

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