KBW Believes TD Ameritrade (NYSE: AMTD) Won’t Stop Here

By Austin Angelo

KBW analyst Kyle Voigt reiterated a Buy rating on TD Ameritrade (NYSE: AMTD) yesterday and set a price target of $69. The company’s shares closed yesterday at $59.48, close to its 52-week high of $63.01.

According to TipRanks.com, Voigt is a 4-star analyst with an average return of 18.3% and a 91.7% success rate. Voigt covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Gain Capital Holdings, and Marketaxess Holdings.

Currently, the analyst consensus on TD Ameritrade is Moderate Buy and the average price target is $66.91, representing a 12.5% upside.

In a report issued on April 10, Bernstein also initiated coverage with a Buy rating on the stock with a $70 price target.

TD Ameritrade’s market cap is currently $33.73B and has a P/E ratio of 33.99. The company has a book value ratio of 4.5372.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

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TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution. The company was founded by J. Joseph Ricketts in 1971 and is headquartered in Omaha, NE.