Flagstar Financial (NYSE:FLG) Given New $14.00 Price Target at Barclays

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

Other research analysts have also issued reports about the stock. UBS Group began coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price for the company. JPMorgan Chase & Co. dropped their price target on Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Compass Point upped their price objective on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, DA Davidson raised Flagstar Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $14.50 in a research note on Friday. Three equities 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, Flagstar Financial presently has an average rating of “Hold” and an average price target of $12.60.

Flagstar Financial Trading Up 14.9 %

Shares of NYSE:FLG opened at $11.03 on Friday. The company’s 50 day moving average is $10.10. The company has a market cap of $4.58 billion, a P/E ratio of -2.53 and a beta of 1.09. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $21.54. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52.

Flagstar Financial (NYSE:FLG) last announced its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate 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%. Equities research analysts predict that Flagstar Financial will post -3.02 earnings per share 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.