Capital One Financial Corp. Earns “Neutral” Rating from Zacks (COF)
Capital One Financial Corp. (NYSE:COF)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Wednesday. They currently have a $87.00 price objective on the stock. Zacks‘s price objective suggests a potential upside of 5.35% from the stock’s previous close.
Zacks’ analyst wrote, “Capital One’s second-quarter 2014 earnings came in ahead of the Zacks Consensus Estimate, backed largely by lower provision for loan losses, a fall in operating expenses and higher non-interest income. However, decline in net interest income marginally dragged the results. We anticipate continued synergies from the company’s geographic diversification and prudent expense management. Additionally, the resilience shown by most of the company’s businesses, along with a strong balance sheet position, will likely continue to support its financials. Nevertheless, pressure on interest income and impact of new regulations are expected to mar the company’s bottom-line improvement in the near term.”
Shares of Capital One Financial Corp. (NYSE:COF) traded up 0.07% on Wednesday, hitting $82.64. The stock had a trading volume of 1,208,734 shares. Capital One Financial Corp. has a 52-week low of $63.99 and a 52-week high of $85.39. The stock’s 50-day moving average is $81.1 and its 200-day moving average is $78.01. The company has a market cap of $46.898 billion and a price-to-earnings ratio of 11.27.
Capital One Financial Corp. (NYSE:COF) last released its earnings data on Thursday, July 17th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that Capital One Financial Corp. will post $7.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on COF. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Capital One Financial Corp. from $79.00 to $88.00 in a research note on Friday, July 18th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $87.36.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
To view Zacks’ full report, visit Zacks’ official website.
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