JPMorgan Chase & Co. Issues Pessimistic Forecast for Flagstar Financial (NYSE:FLG) Stock Price

Flagstar Financial (NYSE:FLG) had its target price reduced by analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.48% from the stock’s previous close.

A number of other research firms also recently issued reports on FLG. UBS Group assumed coverage on Flagstar Financial in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective on the stock. Compass Point boosted their price target on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

Flagstar Financial Stock Down 1.1 %

Shares of FLG stock opened at $9.13 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $3.79 billion, a PE ratio of -2.09 and a beta of 1.09. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $31.86.

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.