Flagstar Financial (NYSE:FLG) Stock Rating Upgraded by Citigroup

Flagstar Financial (NYSE:FLG) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has a $15.00 price objective on the stock, up from their previous price objective of $13.50. Citigroup’s target price would indicate a potential upside of 43.82% from the stock’s current price.

A number of other research firms have also weighed in on FLG. Compass Point raised their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. UBS Group assumed coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price on the stock. JPMorgan Chase & Co. lifted their price target on Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. DA Davidson raised Flagstar Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $14.50 in a report on Friday, January 31st. Finally, Barclays raised their target price on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Flagstar Financial presently has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Flagstar Financial Trading Down 3.3 %

FLG opened at $10.43 on Friday. The firm has a fifty day moving average of $11.85. Flagstar Financial has a 1-year low of $7.86 and a 1-year high of $13.35. The company has a market capitalization of $4.33 billion, a P/E ratio of -2.83 and a beta of 1.17. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88.

Flagstar Financial (NYSE:FLG) last issued its earnings results 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 10.72% and a negative net margin of 17.16%. On average, research analysts forecast that Flagstar Financial will post -0.31 EPS for the current fiscal year.

Flagstar Financial Company Profile

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.