Morningstar Assigns A- Credit Rating to Capital One Financial Corp. (COF)
Capital One Financial Corp. (NYSE:COF) has earned an “A-” credit rating from Morningstar. The firm’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a four star rating.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Capital One Financial Corp. in a research note on Wednesday. They now have a $87.00 price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $87.36.
Shares of Capital One Financial Corp. (NYSE:COF) opened at 82.53 on Thursday. Capital One Financial Corp. has a 52 week low of $64.34 and a 52 week high of $85.39. The stock has a 50-day moving average of $80.96 and a 200-day moving average of $78.08. The company has a market cap of $46.836 billion and a P/E ratio of 11.27.
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. On average, analysts predict that Capital One Financial Corp. will post $7.61 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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