Compass Point Sees Trading And Buyback Momentum To Continue For TD Ameritrade

In a report published Thursday, Compass Point analyst Michael Tarkan reiterated a Neutral rating and $35.00 price target on TD Ameritrade Holding Corp. (NYSE: AMTD).

In the report, Compass Point noted, “We are reiterating our Neutral rating and $35 price target on AMTD shares after the company reported mixed 1Q15 earnings, highlighted by stronger-than-expected trading activity, weaker NIM, and a step-up in share repurchase activity. In our view, management continues to position the company well for a higher interest rate environment while consistently returning capital to shareholders, but with rates still depressed, and shares already trading at 17x our FY16 EPS estimate, we expect near-term upside from here remains relatively limited.”

TD Ameritrade closed on Wednesday at $33.28.