Capital One Financial (NYSE:COF) Coverage Initiated by Analysts at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn has initiated coverage on Capital One Financial (NYSE:COF) with a "buy" rating and a price target of $290.00, suggesting a potential upside of 34.87% from its current price.
• Other analysts also increased their price targets for Capital One, with Bank of America raising it to $233.00 and Wells Fargo to $265.00, highlighting strong market support for the company's stock.
• Capital One reported an impressive EPS of $5.48 for the last quarter, significantly beating analysts' expectations, contributing to a year-over-year revenue increase of 31.4%.

Investment analysts at Rothschild & Co Redburn started coverage on shares of Capital One Financial (NYSE:COF) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $290.00 price target on the financial services provider's stock. Rothschild & Co Redburn's price objective indicates a potential upside of 34.87% from the stock's current price.

A number of other research analysts have also commented on COF. Bank of America increased their price objective on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Truist Financial increased their price objective on Capital One Financial from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Capital One Financial Stock Down 0.1%

NYSE COF opened at $215.02 on Friday. The firm has a market cap of $82.38 billion, a PE ratio of 110.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.15. Capital One Financial has a one year low of $128.23 and a one year high of $232.45. The stock's 50 day simple moving average is $206.46 and its 200 day simple moving average is $192.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.14 earnings per share. As a group, sell-side analysts forecast that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director owned 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,332 shares of company stock valued at $4,540,285. 1.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in Capital One Financial during the 1st quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Olistico Wealth LLC increased its holdings in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Saudi Central Bank bought a new position in Capital One Financial during the 1st quarter worth about $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial during the 2nd quarter worth about $27,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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