Capital One Financial Corp. Price Target Increased to $82.00 by Analysts at Stifel Nicolaus (COF)
Investment analysts at Stifel Nicolaus hoisted their price target on shares of Capital One Financial Corp. (NYSE:COF) from $77.00 to $82.00 in a note issued to investors on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 13.65% from the stock’s previous close.
The analysts wrote, “In our view, COF’s 3Q13 results are encouraging as the negative impact from rising delinquencies and HSBC portfolio optimization was more benign than anticipated. Although loan growth remains weak and the full impact of the BBY portfolio sale weighs on the 4Q13 outlook, we are increasingly optimistic as we continue to expect upside in 2014 from diminished acquisition headwinds, improving efficiency, and significant capital return. Combined, our 2014 estimates rise $0.25 and we see further upside potential should credit card industry growth start to pick up next year. As such, we reiterate our Buy rating and raise our target price to $82 based on 11.5x our new 2014E.”
Shares of Capital One Financial Corp. (NYSE:COF) opened at 72.15 on Friday. Capital One Financial Corp. has a 52-week low of $50.21 and a 52-week high of $72.65. The stock has a 50-day moving average of $68.38 and a 200-day moving average of $63.76. The company has a market cap of $41.955 billion and a price-to-earnings ratio of 10.21.
Capital One Financial Corp. (NYSE:COF) last released its earnings data on Thursday, October 17th. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.76 by $0.10. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Capital One Financial Corp. will post $6.96 earnings per share for the current fiscal year.
A number of other firms have also recently commented on COF. Analysts at Nomura reiterated a “neutral” rating on shares of Capital One Financial Corp. in a research note to investors on Friday. They now have a $71.00 price target on the stock, up previously from $64.00. Separately, analysts at FBR Capital Markets raised their price target on shares of Capital One Financial Corp. from $74.00 to $82.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Capital One Financial Corp. from $70.00 to $73.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $74.79.
In other Capital One Financial Corp. news, Insider Frank LapradeIii sold 30,000 shares of Capital One Financial Corp. stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $72.00, for a total transaction of $2,160,000.00. Following the transaction, the insider now directly owns 38,297 shares of the company’s stock, valued at approximately $2,757,384. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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