UBS AG Initiates Coverage on Capital One Financial Corp. (COF)
Stock analysts at UBS AG initiated coverage on shares of Capital One Financial Corp. (NYSE:COF) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. UBS AG’s price target would indicate a potential upside of 12.46% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on COF. Analysts at Barclays raised their price target on shares of Capital One Financial Corp. from $80.00 to $86.00 in a research note to investors on Thursday, January 9th. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Capital One Financial Corp. from a “buy” rating to a “conviction-buy” rating in a research note to investors on Tuesday, January 7th. They now have a $90.00 price target on the stock, up previously from $80.00. Finally, 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. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $78.22.
Shares of Capital One Financial Corp. (NYSE:COF) traded up 1.30% on Monday, hitting $77.36. 2,530,720 shares of the company’s stock traded hands. Capital One Financial Corp. has a one year low of $50.21 and a one year high of $78.49. The stock has a 50-day moving average of $74.07 and a 200-day moving average of $69.68. The company has a market cap of $45.047 billion and a P/E ratio of 11.02.
Capital One Financial Corp. (NYSE:COF) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $2.01 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Capital One Financial Corp. will post $7.07 EPS for the current fiscal year.
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 shares were sold at an average price of $76.74, for a total transaction of $698,640.96. Following the completion of the sale, 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 SEC, 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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