Flagstar Financial (NYSE:FLG) Price Target Raised to $14.00 at Barclays

Flagstar Financial (NYSE:FLG) had its price target raised by equities research analysts at Barclays from $13.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 26.93% from the stock’s previous close.

FLG has been the topic of several other research reports. Compass Point increased their target price on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. UBS Group started coverage on Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price for the company. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $14.50 in a report on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.60.

Flagstar Financial Stock Performance

NYSE FLG opened at $11.03 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12. The stock has a market capitalization of $4.58 billion, a P/E ratio of -2.53 and a beta of 1.09. Flagstar Financial has a 52-week low of $5.10 and a 52-week high of $21.54. The stock’s 50-day moving average is $10.10.

Flagstar Financial (NYSE:FLG) last posted 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 18.40% and a negative return on equity of 11.35%. As a group, analysts forecast that Flagstar Financial will post -3.02 EPS for the current fiscal 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.