Bank of America Reports ETRADE Financial (ETFC) Upgrade from Neutral; SpartanNash Co (SPTN) Had 1 Bullish Analysts

October 9, 2017 - By Dolores Ford

Among 6 analysts covering SpartanNash (NASDAQ:SPTN), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. SpartanNash had 19 analyst reports since August 22, 2015 according to SRatingsIntel. As per Tuesday, August 15, the company rating was maintained by Pivotal Research. The stock of SpartanNash Co (NASDAQ:SPTN) has “Hold” rating given on Monday, September 11 by Jefferies. The stock of SpartanNash Co (NASDAQ:SPTN) earned “Hold” rating by Jefferies on Thursday, August 10. The firm has “Hold” rating given on Thursday, August 17 by Jefferies. The stock has “Hold” rating by Pivotal Research on Friday, April 1. Pivotal Research maintained the shares of SPTN in report on Tuesday, January 17 with “Hold” rating. The company was initiated on Friday, September 23 by Barclays Capital. The rating was upgraded by Northcoast on Tuesday, August 23 to “Buy”. The rating was downgraded by Pivotal Research on Monday, June 26 to “Sell”. Deutsche Bank maintained SpartanNash Co (NASDAQ:SPTN) rating on Friday, August 18. Deutsche Bank has “Hold” rating and $26 target. See SpartanNash Co (NASDAQ:SPTN) latest ratings:

12/09/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $25 Initiates Coverage On
11/09/2017 Broker: Jefferies Rating: Hold Old Target: $27 New Target: $25 Maintain
17/08/2017 Broker: Jefferies Rating: Hold New Target: $27.0 Maintain
18/08/2017 Broker: Deutsche Bank Rating: Hold Old Target: $40 New Target: $26 Maintain
15/08/2017 Broker: Pivotal Research Rating: Sell New Target: $20.0 Maintain
10/08/2017 Broker: Jefferies Rating: Hold New Target: $30.0000 Maintain
14/07/2017 Broker: Barclays Capital Rating: Hold New Target: $28.0000
26/06/2017 Broker: Pivotal Research Rating: Sell New Target: $20.0000 Downgrade
23/06/2017 Broker: Jefferies Rating: Hold New Target: $30.0000 Maintain
13/06/2017 Broker: Jefferies Rating: Hold New Target: $35.0000 Maintain

Among 19 analysts covering E*TRADE (NASDAQ:ETFC), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. E*TRADE has $4900 highest and $25 lowest target. $37.84’s average target is -14.97% below currents $44.5 stock price. E*TRADE had 63 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained the shares of ETFC in report on Thursday, June 15 with “Hold” rating. On Wednesday, June 7 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) earned “Hold” rating by Jefferies on Thursday, July 20. The firm has “Hold” rating by Jefferies given on Tuesday, October 3. The rating was maintained by Deutsche Bank on Friday, May 27 with “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Thursday, March 17 report. The stock of E*TRADE Financial Corp (NASDAQ:ETFC) has “Neutral” rating given on Thursday, October 13 by Bank of America. SunTrust upgraded E*TRADE Financial Corp (NASDAQ:ETFC) rating on Monday, July 24. SunTrust has “Buy” rating and $4900 target. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. Deutsche Bank maintained it with “Buy” rating and $28 target in Monday, July 18 report.

Since April 10, 2017, it had 0 insider buys, and 6 selling transactions for $479,589 activity. Another trade for 11,793 shares valued at $409,335 was sold by EIDSON DENNIS. STAPLES DAVID M had sold 1,819 shares worth $67,048. ATKINS M SHAN sold 2,000 shares worth $60,010. ADORNATO THEODORE also sold $43,569 worth of SpartanNash Co (NASDAQ:SPTN) on Monday, May 15. Pierce Lawrence R sold $22,656 worth of stock or 613 shares.

It closed at $25.89 lastly. It is down 31.81% since October 9, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The company has market cap of $964.94 million. The Company’s core businesses include distributing grocery products to independent grocery retailers , select national retailers, its corporate owned retail stores, and the United States military commissaries. It has a 14.84 P/E ratio. The Firm operates through three divisions: Food Distribution, Military and Retail.

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.01, from 1.1 in 2017Q1. It dropped, as 28 investors sold SpartanNash Co shares while 48 reduced holdings. 24 funds opened positions while 59 raised stakes. 32.03 million shares or 0.41% less from 32.16 million shares in 2017Q1 were reported. Citadel Limited Liability has invested 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Prudential Fin stated it has 0.02% in SpartanNash Co (NASDAQ:SPTN). Goldman Sachs Gru reported 0% stake. California Pub Employees Retirement System holds 52,860 shares. Nuveen Asset Limited Co reported 455,180 shares. M&T Bankshares invested in 0.01% or 61,296 shares. Moreover, Alliancebernstein Limited Partnership has 0% invested in SpartanNash Co (NASDAQ:SPTN) for 46,260 shares. Pub Sector Pension Investment Board holds 0% in SpartanNash Co (NASDAQ:SPTN) or 19,344 shares. Dekabank Deutsche Girozentrale holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 667 shares. Da Davidson And Co accumulated 360 shares or 0% of the stock. Martingale Asset L P accumulated 193,348 shares. Wells Fargo And Mn holds 91,185 shares or 0% of its portfolio. Credit Agricole S A reported 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Bnp Paribas Arbitrage owns 16,641 shares. John G Ullman Associates holds 0.05% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 9,600 shares.

Investors sentiment increased to 1.24 in 2017 Q2. Its up 0.26, from 0.98 in 2017Q1. It improved, as 34 investors sold E*TRADE Financial Corp shares while 125 reduced holdings. 64 funds opened positions while 133 raised stakes. 246.20 million shares or 1.04% less from 248.78 million shares in 2017Q1 were reported. Vident Investment Advisory Ltd invested in 65,989 shares. Bluemar Capital Management Lc accumulated 154,527 shares. 23,923 are held by Wedge Cap Management L L P Nc. Highbridge Capital Management Ltd Liability, a New York-based fund reported 48,001 shares. Jpmorgan Chase holds 0% or 248,302 shares. Agf Invs Inc, Ontario – Canada-based fund reported 130,000 shares. Commonwealth Savings Bank Of owns 2,539 shares. Product Prtn Limited Liability Co owns 243,226 shares for 0.37% of their portfolio. Piedmont Inv Advsr Llc owns 108,245 shares for 0.09% of their portfolio. 2.05 million were accumulated by Guggenheim Cap Ltd Liability. Balyasny Asset Ltd Liability holds 0.44% or 2.83M shares in its portfolio. Vanguard Group holds 0.05% or 29.17M shares in its portfolio. Thompson Siegel Walmsley Lc has 2.08M shares. Louisiana State Employees Retirement System owns 0.03% invested in E*TRADE Financial Corp (NASDAQ:ETFC) for 17,000 shares. Ameritas Invest Prtn holds 6,543 shares.

About 200 shares traded. E*TRADE Financial Corp (NASDAQ:ETFC) has risen 29.03% since October 9, 2016 and is uptrending. It has outperformed by 12.33% the S&P500.

Analysts await E*TRADE Financial Corp (NASDAQ:ETFC) to report earnings on October, 19. They expect $0.50 earnings per share, down 1.96% or $0.01 from last year’s $0.51 per share. ETFC’s profit will be $135.62M for 22.25 P/E if the $0.50 EPS becomes a reality. After $0.52 actual earnings per share reported by E*TRADE Financial Corp for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.