BMO Capital Markets Analysts Begin Coverage on TD Ameritrade (AMTD)
Wednesday, July 13, 2011 1:31 PM

Equities research analysts at BMO Capital Markets initiated coverage on shares of TD Ameritrade (NASDAQ: AMTD) in a research note to investors on Wednesday. The analysts set an "outperform" rating on the stock.

Separately, analysts at Citigroup (NYSE: C) initiated coverage on shares of TD Ameritrade in a research note to investors on Wednesday, July 6th. They set a "hold" rating on the stock. Also, analysts at UBS AG (NYSE: UBS) cut their EPS estimates on shares of TD Ameritrade in a research note on Friday. They now have a "neutral" rating and a $23.00 price target on the stock.

Shares of TD Ameritrade traded up 0.90% during mid-day trading on Thursday, hitting $18.60. TD Ameritrade has a 52 week low of $14.53 and a 52 week high of $22.90. The stock's 50-day moving average is $19.4 and its 200-day moving average is $20.55. The company has a market cap of $10.627 billion and a price-to-earnings ratio of 17.56.

TD Ameritrade last announced its quarterly results on Monday, April 18th. The company reported $0.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.29 EPS by $0.01. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 9.40% on a year-over-year basis. On average, analysts predict that TD Ameritrade will post $0.28 EPS next quarter.

TD Ameritrade Holding Corporation (TD Ameritrade) is a provider of securities brokerage services and technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides services through the Internet, a national branch network and relationships with RIAs.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.