UBS Maintains a 'Neutral' on TD Ameritrade (AMTD); Still An Uphill Battle
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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
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UBS maintains a 'Neutral' on TD Ameritrade (NASDAQ: AMTD) price target lowered from $22 to $20.
Analyst, Alex Kramm, said, "While AMTD finished the quarter in line with our and the Street’s estimates, the company continues to face an uphill battle in the current environment. Rates remain near historic lows and have not eased the pressure on yields, which are further weighed down by the $3bn yet to be extended as part of AMTD’s currently paused extension strategy. Retail investors remain wary of equity markets, which impacts both trading volumes and margin loans." (FY12 EPS estimate maintained at $1.12, FY13 raised from $1.28 to $1.31)
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.74 yesterday.
Analyst, Alex Kramm, said, "While AMTD finished the quarter in line with our and the Street’s estimates, the company continues to face an uphill battle in the current environment. Rates remain near historic lows and have not eased the pressure on yields, which are further weighed down by the $3bn yet to be extended as part of AMTD’s currently paused extension strategy. Retail investors remain wary of equity markets, which impacts both trading volumes and margin loans." (FY12 EPS estimate maintained at $1.12, FY13 raised from $1.28 to $1.31)
For an analyst ratings summary and ratings history on TD Ameritrade click here. For more ratings news on TD Ameritrade click here.
Shares of TD Ameritrade closed at $18.74 yesterday.
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