Raymond James Upgrades TCF Financial to “Market Perform” (TCB)
TCF Financial (NYSE:TCB) was upgraded by research analysts at Raymond James from an “underperform” rating to a “market perform” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of TCF Financial in a research note on Wednesday, June 11th. They now have a $17.50 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of TCF Financial in a research note on Monday, May 12th. They now have a $18.00 price target on the stock. Finally, analysts at FBR Capital Markets upgraded shares of TCF Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, May 12th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. TCF Financial currently has an average rating of “Hold” and a consensus target price of $17.33.
Shares of TCF Financial (NYSE:TCB) opened at 16.75 on Monday. TCF Financial has a one year low of $13.69 and a one year high of $17.39. The stock has a 50-day moving average of $16.14 and a 200-day moving average of $16.15. The company has a market cap of $2.726 billion and a P/E ratio of 18.37.
TCF Financial (NYSE:TCB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $200.44 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that TCF Financial will post $1.10 earnings per share for the current fiscal year.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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