JPMorgan Chase & Co. Lowers Flagstar Financial (NYSE:FLG) Price Target to $11.00

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

Several other equities research analysts have also recently issued reports on FLG. UBS Group began coverage on shares of Flagstar Financial in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective for the company. Compass Point boosted their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Flagstar Financial Price Performance

Shares of FLG opened at $9.13 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52. The firm has a market cap 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.

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.