Capital One Financial Corp. Receives Consensus Recommendation of “Buy” from Analysts (NYSE:COF)
Shares of Capital One Financial Corp. (NYSE:COF) have received a consensus recommendation of “Buy” from the twenty-three brokerages that are presently covering the stock, ARN reports. Five investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $87.36.
A number of analysts have recently weighed in on COF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Capital One Financial Corp. in a research note on Friday, July 18th. They now have a $87.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Capital One Financial Corp. from $82.00 to $86.00 in a research note on Friday, July 18th. Finally, analysts at Barclays raised their price target on shares of Capital One Financial Corp. from $86.00 to $93.00 in a research note on Friday, July 18th. They now have an “overweight” rating on the stock.
Shares of Capital One Financial Corp. (NYSE:COF) opened at 78.88 on Thursday. Capital One Financial Corp. has a 52-week low of $63.65 and a 52-week high of $85.39. The stock has a 50-day moving average of $82.18 and a 200-day moving average of $76.75. The company has a market cap of $44.764 billion and a price-to-earnings ratio of 10.65.
Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.81 by $0.23. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the company posted $1.87 earnings per share. Capital One Financial Corp.’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that Capital One Financial Corp. will post $7.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Monday, August 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, August 7th.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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