Flagstar Financial (NYSE:FLG) Upgraded to "Buy" at DA Davidson

Flagstar Financial (NYSE:FLG - Get Free Report) was upgraded by equities researchers at DA Davidson from a "neutral" rating to a "buy" rating in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has a $14.50 price objective on the stock, up from their previous price objective of $12.00. DA Davidson's price objective would indicate a potential upside of 22.05% from the company's previous close.

Several other brokerages have also weighed in on FLG. JPMorgan Chase & Co. cut their price objective on shares of Flagstar Financial from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Compass Point lifted their price target on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, UBS Group started coverage on Flagstar Financial in a report on Tuesday, December 17th. They set a "neutral" rating and a $11.50 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Flagstar Financial presently has a consensus rating of "Hold" and a consensus price target of $12.90.

Flagstar Financial Price Performance

Flagstar Financial stock traded up $0.22 during mid-day trading on Friday, hitting $11.88. 5,592,255 shares of the company were exchanged, compared to its average volume of 5,914,012. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.10 and a quick ratio of 1.09. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $17.94. The firm has a 50 day moving average price of $10.11. The firm has a market cap of $4.93 billion, a P/E ratio of -3.22 and a beta of 1.11.

Flagstar Financial (NYSE:FLG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. Equities research analysts predict that Flagstar Financial will post -0.28 earnings per share for the current year.

About Flagstar Financial

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.