Capital One Financial Corp. Stock Rating Upgraded by Goldman Sachs Group Inc. (COF)
Capital One Financial Corp. (NYSE:COF) was upgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $90.00 price objective on the stock, up from their previous price objective of $80.00. Goldman Sachs Group Inc.’s target price would indicate a potential upside of 16.46% from the company’s current price.
In other Capital One Financial Corp. news, Insider Robert Alexander sold 9,104 shares of Capital One Financial Corp. stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.74, for a total transaction of $698,640.96. Following the transaction, the insider now directly owns 80,628 shares in the company, valued at approximately $6,187,393. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
COF has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Capital One Financial Corp. from $82.00 to $85.00 in a research note to investors on Friday, December 20th. They now have an “outperform” rating on the stock. Separately, 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, December 3rd. They now have a $76.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Capital One Financial Corp. from $70.00 to $75.00 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Capital One Financial Corp. currently has an average rating of “Buy” and an average target price of $77.00.
Capital One Financial Corp. (NYSE:COF) traded up 0.90% on Tuesday, hitting $77.28. 5,042,109 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 $78.49. The stock’s 50-day moving average is $73.07 and its 200-day moving average is $69.21. The company has a market cap of $45.000 billion and a P/E ratio of 11.06.
Capital One Financial Corp. (NYSE:COF) last issued its quarterly 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 $7.07 earnings per share for the current fiscal year.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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