Capital One Financial Corporation (COF) Stock Rating Upgraded by Zacks Investment Research – Dispatch Tribunal


Capital One Financial Corporation (NYSE:COF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $102.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.94% from the company’s previous close.

According to Zacks, “Capital One’s shares have outperformed the industry in the last six months. The company surpassed the Zacks Consensus Estimate for earnings only in two of the trailing four quarters. The company’s third quarter 2017 results were driven by higher revenues and easing margin pressure, while a rise in operating expenses and higher credit costs were undermining factors. A solid liquidity position and strength in the credit card and online banking businesses position Capital One well for long term growth. The acquisition of Cabela’s credit card portfolio further supports the company’s prospects. However, continuously increasing expenses and deteriorating asset quality are expected to continue hurting the company’s financials in the near-term.”

A number of other equities research analysts have also commented on the company. Morgan Stanley lowered Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $97.00 to $83.00 in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $84.00 target price on shares of Capital One Financial Corporation in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 target price on shares of Capital One Financial Corporation in a research report on Friday, September 15th. CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company initiated coverage on Capital One Financial Corporation in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $96.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Capital One Financial Corporation has a consensus rating of “Hold” and an average price target of $95.00.

Shares of Capital One Financial Corporation (NYSE:COF) traded up 0.28% during trading on Friday, hitting $92.78. 2,235,471 shares of the stock traded hands. The stock has a 50 day moving average of $84.90 and a 200 day moving average of $82.60. Capital One Financial Corporation has a 52-week low of $71.91 and a 52-week high of $96.92. The firm has a market cap of $44.91 billion, a price-to-earnings ratio of 13.53 and a beta of 1.23.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. Capital One Financial Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Analysts expect that Capital One Financial Corporation will post $7.54 EPS for the current year.

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In related news, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the transaction, the director now directly owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of COF. Cornerstone Wealth Management LLC raised its stake in Capital One Financial Corporation by 5.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,863 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 141 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Capital One Financial Corporation by 2.2% in the 1st quarter. Teacher Retirement System of Texas now owns 1,096,992 shares of the financial services provider’s stock valued at $95,065,000 after purchasing an additional 23,648 shares during the last quarter. Banque Pictet & Cie SA raised its stake in Capital One Financial Corporation by 79.3% in the 1st quarter. Banque Pictet & Cie SA now owns 72,127 shares of the financial services provider’s stock valued at $6,251,000 after purchasing an additional 31,890 shares during the last quarter. Royal Bank of Scotland Group PLC raised its stake in Capital One Financial Corporation by 7.7% in the 1st quarter. Royal Bank of Scotland Group PLC now owns 184,666 shares of the financial services provider’s stock valued at $16,003,000 after purchasing an additional 13,153 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Capital One Financial Corporation by 12.7% in the 1st quarter. Global X Management Co. LLC now owns 6,479 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 731 shares during the last quarter. 88.23% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Corporation Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)




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