Capital One Financial Corp. Upgraded to Buy by Guggenheim (COF)
Capital One Financial Corp. (NYSE:COF) was upgraded by equities researchers at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued 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 suggests a potential upside of 14.54% from the company’s current price. The analysts noted that the move was a valuation call.
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 shares were sold at an average price of $70.00, for a total transaction of $288,820.00. Following the transaction, the insider now directly owns 37,582 shares in the company, valued at approximately $2,630,740. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Capital One Financial Corp. (NYSE:COF) traded up 3.41% during mid-day trading on Thursday, hitting $70.42. 1,363,762 shares of the company’s stock traded hands. Capital One Financial Corp. has a 1-year low of $50.21 and a 1-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 $40.949 billion and a price-to-earnings 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 in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that Capital One Financial Corp. will post $6.90 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 given a buy rating to the company. Capital One Financial Corp. currently has a consensus rating of “Buy” and a consensus price target of $72.84.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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