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

Flagstar Financial (NYSE:FLG) had its price target dropped by JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.18% from the company’s previous close.

A number of other brokerages also recently weighed in on FLG. UBS Group started coverage on Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target for the company. Compass Point raised 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 Performance

Shares of FLG stock traded down $0.27 during trading hours on Tuesday, hitting $9.23. 2,227,102 shares of the company were exchanged, compared to its average volume of 3,500,452. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.12 and a current ratio of 1.14. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -2.12 and a beta of 1.09. Flagstar Financial has a one year low of $5.10 and a one year 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.