FBR Capital Reiterates an 'Outperform' on TradeStation Group (TRAD) After October Metrics Report

November 3, 2009 10:44 AM EST

FBR Capital reiterates an Outperform rating on TradeStation Group (Nasdaq: TRAD). Price target $9.
FBR analyst says, "We are reiterating our $9.00 price target and Outperform rating on TradeStation shares following the release of October client metrics this morning. Although near-zero interest rates continue to hinder the company's results, we believe that the core franchise earnings power continues to grow in a difficult environment and that that earnings power will become more apparent as rates begin to rise. Additionally, we interpret signs of increasing client engagement during October, evidenced by higher daily average revenue trades (DARTs), margin balances, and client assets, as confirmation that TradeStation's core business remains healthy...We are leaving our 4Q09 and 2010 EPS estimates unchanged at $0.09 and $0.46, respectively."

To see more analyst ratings on TRAD Click Here.

TradeStation Group, Inc. operates as an online broker-dealer, an introducing broker, a futures commission merchant, and a trading technology company.

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