Capital One Financial Corp. Given New $80.00 Price Target at Jefferies Group (COF)
Jefferies Group lifted their target price on shares of Capital One Financial Corp. (NYSE:COF) to $80.00 in a research note issued on Tuesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 16.14% from the company’s current price.
Capital One Financial Corp. (NYSE:COF) traded down 1.64% on Tuesday, hitting $67.75. The stock had a trading volume of 1,325,763 shares. Capital One Financial Corp. has a one year low of $50.21 and a one year high of $70.49. The stock’s 50-day moving average is $67.35 and its 200-day moving average is $63.02. The company has a market cap of $39.397 billion and a P/E ratio of 9.74.
Capital One Financial Corp. (NYSE:COF) last announced its earnings results on Thursday, July 18th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that Capital One Financial Corp. will post $6.88 EPS for the current fiscal year.
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 sale, the insider now directly owns 37,582 shares in the company, valued at approximately $2,630,740. The sale was disclosed in a filing with the SEC, which is available at this link.
COF has been the subject of a number of other recent research reports. 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. They now have a $74.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, July 25th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.16.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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