Flagstar Financial (NYSE:FLG - Get Free Report) had its price target raised by JPMorgan Chase & Co. from $11.00 to $12.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 5.22% from the stock's current price.
Several other analysts have also recently commented on FLG. Compass Point lifted their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. UBS Group started coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They set a "neutral" rating and a $11.50 price target for the company. DA Davidson upgraded shares of Flagstar Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $12.00 to $14.50 in a report on Friday. Finally, Barclays boosted their price objective on shares of Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.90.
Get Our Latest Research Report on Flagstar Financial
Flagstar Financial Stock Up 7.4 %
Shares of FLG traded up $0.82 on Friday, hitting $11.88. 6,979,830 shares of the stock traded hands, compared to its average volume of 5,491,590. Flagstar Financial has a 1 year low of $5.10 and a 1 year high of $21.54. The firm has a 50 day moving average price of $10.11. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of -2.72 and a beta of 1.09. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52.
Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, topping analysts' consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 11.35% and a negative net margin of 18.40%. Research analysts forecast that Flagstar Financial will post -3.02 EPS for the current year.
Flagstar Financial Company Profile
(
Get Free Report)
Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Flagstar Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flagstar Financial wasn't on the list.
While Flagstar Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
