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Morgan Stanley announced E*TRADE Financial (NASDAQ:ETFC), hiking its price target to $29.00 earlier today

Yesterday E*TRADE Financial (NASDAQ:ETFC) traded -0.35% lower at $28.40. E*TRADE Financial’s 50-day average is $26.39 and its two hundred day average is $25.40. The last stock close price is up 11.82% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 2,624,051 shares of ETFC changing hands under the typical 3,088,020

Reporting as potential upside of 0.02%, Morgan Stanley upped the price target of E*TRADE Financial (NASDAQ:ETFC) to $29.00

Previously on Thursday September 22, 2016, CLSA released a statement on E*TRADE Financial (NASDAQ:ETFC) bumped up the target price from $29.00 to $33.00. At the time, this indicated a possible upside of 0.14%.

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E*TRADE Financial has 52 week low of $19.61 and a 52 week high of $30.98 with a P/E ratio of 37.22 and has a total market value of $0.

A total of 13 equity analysts have released a ratings update on ETFC. Three brokerages rating the company a strong buy, nine brokerages rating the company a buy, two brokerages rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $28.81.

More About E*TRADE Financial (NASDAQ:ETFC)

E*Trade Financial Corporation is a financial services company. The Company provides brokerage and related products and services primarily to individual retail investors under the brand E*TRADE Financial. The Company also provides investor-focused banking products, primarily sweep deposits, to retail investors. The Company operates in two segments: trading and investing, and balance sheet management. Its trading and investing segment offers a suite of financial products and services to individual retail investors. Its balance sheet management segment focuses on asset allocation and managing credit, liquidity and interest rate risks. Its hybrid service delivery model is delivered through various digital platforms: E*, E*TRADE Mobile and E*TRADE Pro. E* is its site that provides customers with tools, guidance, actionable ideas, research and education to take control of their finances. E*TRADE Mobile offers trading applications for various smartphones and tablets.

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