TD Ameritrade Receives a Buy from Credit Suisse

By Jason Carr

Credit Suisse analyst Christian Bolu maintained a Buy rating on TD Ameritrade (NYSE: AMTD) yesterday and set a price target of $48. The company’s shares opened today at $39.54.

According to TipRanks.com, Bolu is a 4-star analyst with an average return of 8.6% and a 71.4% success rate. Bolu covers the Financial sector, focusing on stocks such as Raymond James Financial, Goldman Sachs Group Inc, and Evercore Partners Inc.

Currently, the analyst consensus on TD Ameritrade is Moderate Buy and the average price target is $47.30, representing a 19.6% upside.

In a report issued on February 28, SunTrust Robinson also reiterated a Buy rating on the stock.

TD Ameritrade’s market cap is currently $20.72B and has a P/E ratio of 24.80. The company has a book value ratio of 4.0044.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2017, Joseph Moglia, a Director at AMTD sold 20,000 shares for a total of $940,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and technology-based financial services. It also offers foreign exchange trading services to its brokerage clients. The company was founded by J. Joseph Ricketts in 1971 and is headquartered in Omaha, NE.