Barclays Raises Price Target for Flagstar Financial to $14.00

Flagstar Financial (NYSE:FLG) recently received a boost from Barclays, which raised its price target for the company from $13.00 to $14.00. This adjustment was reported to investors on Friday. Barclays has assigned an "overweight" rating to Flagstar Financial, reflecting optimism about the stock's future performance. The new price target implies a potential upside of approximately 26.93% based on the stock's previous closing value.

In addition to Barclays' updated target, Flagstar Financial has been featured in analyses by various other financial research firms. For example, Compass Point revised their price target upward from $11.50 to $12.00, while maintaining a "neutral" rating for the stock. This report was released on December 10th. Following this, UBS Group launched coverage on the stock on December 17th, also setting a "neutral" rating with a target price of $11.50.

Furthermore, DA Davidson recently upgraded Flagstar Financial from a "neutral" rating to a "buy" rating, increasing their price target from $12.00 to $14.50. Meanwhile, JPMorgan Chase & Co. lowered their price objective from $12.00 to $11.00, maintaining a "neutral" rating. Currently, three analysts have rated the stock as a hold, while two have given it a buy rating. According to MarketBeat.com, the consensus rating stands at "Hold" with an average target price of $12.60.

Overview of Flagstar Financial's Stock Performance

On Friday, shares of Flagstar Financial opened at $11.03. The company has a debt-to-equity ratio of 2.52, indicating a significant proportion of debt relative to equity. Additionally, the company possesses a current ratio of 1.14 and a quick ratio of 1.12. Flagstar Financial has a market capitalization of $4.58 billion and a P/E ratio of -2.53, along with a beta of 1.09. Over the past year, the stock has seen a low of $5.10 and a high of $21.54, with its 50-day moving average resting at $10.10.

Flagstar Financial last reported its quarterly earnings on January 30th. The company reported an earnings per share (EPS) of ($0.34), which was above analysts' expectations of ($0.51) by $0.17. Despite this, Flagstar Financial experienced a negative net margin of 18.40% and a negative return on equity of 11.35%. Moving forward, analysts are predicting an EPS of -3.02 for the current fiscal year.

About Flagstar Financial

Flagstar Financial, Inc. serves as the bank holding company for Flagstar Bank, N.A., which provides a range of banking products and services across the United States. Their offerings include various deposit products such as interest-bearing checking and money market accounts, savings accounts, non-interest-bearing accounts, retirement accounts, and certificates of deposit.

Flagstar, Financial, Stock