Capital One Financial Corp. (NYSE:COF) was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $78.00 price target on the stock, up from their previous price target of $75.00. Guggenheim’s price objective would indicate a potential upside of 14.54% from the company’s current price. The analysts noted that the move was a valuation call.
Capital One Financial Corp. (NYSE:COF) opened at 68.10 on Thursday. Capital One Financial Corp. has a one year low of $50.21 and a one year high of $70.49. The stock has a 50-day moving average of $67.43 and a 200-day moving average of $63.16. The company has a market cap of $39.600 billion and a P/E ratio of 9.63.
Capital One Financial Corp. (NYSE:COF) last announced its earnings results on Thursday, July 18th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.14. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter last year, the company posted $0.16 earnings per share. Capital One Financial Corp.’s revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corp. will post $6.90 earnings per share for the current fiscal year.
COF has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Capital One Financial Corp. from $77.00 to $80.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Capital One Financial Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 4th. They now have a $74.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Capital One Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $68.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Capital One Financial Corp. has an average rating of “Buy” and a consensus price target of $72.84.
In other Capital One Financial Corp. news, Insider Michael Slocum sold 4,126 shares of Capital One Financial Corp. stock on the open market in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $70.00, for a total value of $288,820.00. Following the completion of the transaction, the insider now directly owns 37,582 shares of the company’s stock, valued at approximately $2,630,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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