TD Ameritrade Holding Corp. (NASDAQ: AMTD) Price Target Raised at Deutsche Bank AG

TD Ameritrade Holding Corp. (NASDAQ: AMTD) had its price target increased by equities researchers at Deutsche Bank AG from $33.00 to $34.00. The company currently has a rating of Hold on the stock. A number of other analysts have commented on the stock recently, and TD Ameritrade Holding Corp. has earned a consensus one-year price target of $32.63, higher than the opening price of $32.50, a difference of 10.18 percent. TD Ameritrade Holding Corp. stock has a 52-week high of $37.90.

U.S. stocks saw their biggest selloff since June 24, (Brexit) on Friday after comments from a voting member of the Federal Reserve’s policy-setting committee suggested a September rate hike was still a possibility.

The Dow Jones Industrial Average dropped 394 points, or 2.13% to 18085.

The S&P 500 shed 53 points, or 2.45% to 2127, while the Nasdaq Composite erased 133 points, or 2.54% to 5125.

Stocks were no alone in declines on Friday.

Global oil prices, after rallying Thursday, dropped more than 3% Friday to trade just above $45 a barrel.

Gold prices also traded lower, shedding more than 0.6% to trade around $1,332.

Stock prices often move to the upside on recommendations and new price targets of professional brokerage firms.

Shares of TD Ameritrade Holding Corp. (NASDAQ: AMTD) opened at $32.50 yesterday and traded in a range between, $32.04 and $32.71, and last traded at $32.06, which represents a change of $ -0.37 over the previous closing price.

TD Ameritrade Holding Corp. (NASDAQ: AMTD) now has a market cap of 16.87B

The stocks average daily volume is 2,705,490 shares out of a total float 240,670,000 of and some 1,931,237 shares crossed the trading desk yesterday, 14 percent lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

With that in mind TD Ameritrade Holding Corp. (NASDAQ: AMTD) now has a 50-day MA is $31.28 and 200-day MA is $30.49, and it has traded in a 52-week range between $24.88 – 37.90 and today’s last price is -0.15 percent off the 52 week high of $37.90.

Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.