FBR Capital Reiterates an 'Outperform' on TD Ameritrade (AMTD); Trading Activity Picks Back Up
Tweet
Share
E-mailGet Alerts AMTD Hot Sheet
Price: $0.76 --0%
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
FBR Capital reiterates an 'Outperform' on TD Ameritrade (NASDAQ: AMTD), PT $25.
FBR analyst says, "TD Ameritrade remains our favorite name among the online brokers as the company continues to post industry-leading trading activity and top-tier organic growth, driving cash flows higher and providing management with significant flexibility to return capital back to shareholders through buybacks, dividends, and additional M&A. Earnings would certainly get a boost from higher rates, but we expect meaningful growth is not dependent on it. We also expect the shares to garner a higher valuation multiple over time given the company's consistent strength in gathering new client assets."
"We are maintaining our FY11 and FY12 EPS estimates of $1.12 and $1.45, respectively, with stronger trading activity offsetting weaker net interest income."
For more ratings news on TD Ameritrade click here and for the rating history of TD Ameritrade click here.
Shares of TD Ameritrade closed at $21.16 yesterday.
FBR analyst says, "TD Ameritrade remains our favorite name among the online brokers as the company continues to post industry-leading trading activity and top-tier organic growth, driving cash flows higher and providing management with significant flexibility to return capital back to shareholders through buybacks, dividends, and additional M&A. Earnings would certainly get a boost from higher rates, but we expect meaningful growth is not dependent on it. We also expect the shares to garner a higher valuation multiple over time given the company's consistent strength in gathering new client assets."
"We are maintaining our FY11 and FY12 EPS estimates of $1.12 and $1.45, respectively, with stronger trading activity offsetting weaker net interest income."
For more ratings news on TD Ameritrade click here and for the rating history of TD Ameritrade click here.
Shares of TD Ameritrade closed at $21.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Piper Sandler Reiterates Overweight Rating on KKR (KKR), 'highest conviction name'
- Bernstein SocGen Group Reiterates Outperform Rating on JD.com, Inc (JD), 'very cheaply valued'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
