Capital One Financial Corp. Given New $88.00 Price Target at Jefferies Group (COF)
Stock analysts at Jefferies Group upped their target price on shares of Capital One Financial Corp. (NYSE:COF) from $80.00 to $88.00 in a report issued on Friday, StockRatingsNetwork.com reports. Jefferies Group’s price target indicates a potential upside of 21.56% from the stock’s previous close.
Shares of Capital One Financial Corp. (NYSE:COF) traded down 5.30% during mid-day trading on Friday, hitting $72.39. 10,411,620 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 has a 50-day moving average of $74.62 and a 200-day moving average of $69.93. The company has a market cap of $42.153 billion and a P/E ratio of 11.04.
Capital One Financial Corp. (NYSE:COF) last announced its earnings results on Thursday, January 16th. The company reported $1.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.53 by $0.05. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts expect that Capital One Financial Corp. will post $6.97 EPS for the current fiscal year.
A number of other firms have also recently commented on COF. Analysts at UBS AG initiated coverage on shares of Capital One Financial Corp. in a research note to investors on Monday. They set a “buy” rating and a $87.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $79.37.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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