Compass Point Starts TD Ameritrade (AMTD) at Neutral
Get Alerts AMTD Hot Sheet
Price: $1.75 --0%
Rating Summary:
5 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 10
Rating Summary:
5 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 10
Join SI Premium – FREE
Compass Point initiates coverage on TD Ameritrade (NYSE: AMTD) with a Neutral. PT $17.00.
The firm comments, "D Ameritrade's strong organic growth and capital activity set it apart from its online broker peers, but the company’s earnings remain primarily levered to interest rates, and absent any meaningful, sustainable improvement, EPS growth and AMTD shares will likely remain relatively muted, in our view. That said, despite a challenging retail environment, we fully expect top-tier asset gathering to continue, and revenues could benefit from increased volatility around January’s fiscal cliff deadline. Furthermore, management has historically been active in returning capital to shareholders, and although buyback activity may be slowing, we expect continued cash flow generation to provide flexibility to pay a special dividend or become more aggressive through M&A later on."
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 $15.26 yesterday.
The firm comments, "D Ameritrade's strong organic growth and capital activity set it apart from its online broker peers, but the company’s earnings remain primarily levered to interest rates, and absent any meaningful, sustainable improvement, EPS growth and AMTD shares will likely remain relatively muted, in our view. That said, despite a challenging retail environment, we fully expect top-tier asset gathering to continue, and revenues could benefit from increased volatility around January’s fiscal cliff deadline. Furthermore, management has historically been active in returning capital to shareholders, and although buyback activity may be slowing, we expect continued cash flow generation to provide flexibility to pay a special dividend or become more aggressive through M&A later on."
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 $15.26 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Humana (HUM) surges on Q1 beat, reiterated adjusted earnings outlook
- Cantor Fitzgerald Starts Materialise NV (MTLS) at Overweight, 'Well-Positioned to meet rising software demand'
- Pentair (PNR) PT Raised to $103 at RBC Capital
Create E-mail Alert Related Categories
New CoverageRelated 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!