New York Community Bancorp Given New $17.00 Price Target at Guggenheim (NYCB)
Investment analysts at Guggenheim upped their price target on shares of New York Community Bancorp (NASDAQ:NYCB) from $16.00 to $17.00 in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 11.48% from the stock’s previous close.
New York Community Bancorp (NASDAQ:NYCB) traded down 1.36% during mid-day trading on Monday, hitting $15.25. The stock had a trading volume of 1,517,014 shares. New York Community Bancorp has a 1-year low of $12.40 and a 1-year high of $15.86. The stock has a 50-day moving average of $15.07 and a 200-day moving average of $14.27. The company has a market cap of $6.723 billion and a P/E ratio of 13.87.
New York Community Bancorp (NASDAQ:NYCB) last released its earnings data on Wednesday, July 24th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. During the same quarter last year, the company posted $0.30 earnings per share.
A number of other firms have also recently commented on NYCB. Analysts at Zacks downgraded shares of New York Community Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $17.30 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of New York Community Bancorp from $15.00 to $17.00 in a research note to investors on Tuesday, August 13th. Finally, analysts at BMO Capital Markets raised their price target on shares of New York Community Bancorp from $15.00 to $17.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.53.
New York Community Bancorp, Inc is a bank holding company and a producer of multi-family mortgage loans in New York City, with an emphasis on apartment buildings that feature below-market rents.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.