TCF Financial Corporation (TCF) Earns Buy Rating from Royal Bank Of Canada
TCF Financial Corporation (NYSE:TCF)‘s stock had its “buy” rating restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday. They currently have a $19.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.99% from the company’s current price.
TCF has been the subject of several other reports. JMP Securities began coverage on TCF Financial Corporation in a research note on Thursday, August 31st. They issued a “market perform” rating for the company. Deutsche Bank AG restated a “hold” rating and issued a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th. Zacks Investment Research cut TCF Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 7th. Morgan Stanley restated an “equal weight” rating and issued a $17.00 price objective (up from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $18.00 price objective on shares of TCF Financial Corporation in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. TCF Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $17.00.
TCF Financial Corporation (TCF) opened at 15.08 on Friday. The company’s 50 day moving average price is $15.44 and its 200-day moving average price is $16.13. The company has a market capitalization of $2.54 billion, a P/E ratio of 13.07 and a beta of 1.25. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03.
TCF Financial Corporation (NYSE:TCF) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $336.12 million. During the same period last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that TCF Financial Corporation will post $1.21 earnings per share for the current year.
TCF Financial Corporation Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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