Capital One Financial Corp. Rating Reiterated by Zacks (COF)
Capital One Financial Corp. (NYSE:COF)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Friday, Stock Ratings Network.com reports. They currently have a $80.00 target price on the stock. Zacks‘ target price suggests a potential upside of 10.51% from the stock’s previous close.
Zacks‘ analyst wrote, “Capital One’s fourth-quarter earnings lagged the Zacks Consensus Estimate. Lower-than-expected results were mainly due to a fall in net interest income and a marginal rise in operating expenses. However, these negatives were partially offset by growth in fee income and lower provision for credit losses. After analyzing the results, we are maintaining our long-term Neutral recommendation on the stock.”
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Capital One Financial Corp. in a research note to investors on Friday. They now have a $76.00 price target on the stock, down previously from $78.00. Separately, analysts at Buckingham Research raised their price target on shares of Capital One Financial Corp. to $87.00 in a research note to investors on Friday. Finally, analysts at Susquehanna downgraded shares of Capital One Financial Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Friday. They now have a $78.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twelve have given 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 $79.37.
Shares of Capital One Financial Corp. (NYSE:COF) traded down 5.30% during mid-day trading on Friday, hitting $72.39. 10,411,330 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’s 50-day moving average is $74.56 and its 200-day moving average is $69.84. 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 released its earnings data on Thursday, January 16th. The company reported $1.48 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Capital One Financial Corp. will post $6.97 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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