Capital One Financial (NYSE:COF) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen analysts have raised the price target for Capital One Financial (NYSE:COF) from $258 to $261, indicating a potential upside of 21.36% from its previous close and maintaining a "buy" rating.
• Multiple analysts have upgraded their ratings and price targets for Capital One, with Citigroup setting a new target of $275 and the overall consensus rating being "Moderate Buy".
• The company's recent earnings report showed a significant increase in earnings per share (EPS), reporting $5.48 EPS which exceeded analysts' estimates by $3.55.

Capital One Financial (NYSE:COF) had its price objective increased by stock analysts at TD Cowen from $258.00 to $261.00 in a report released on Monday,MarketScreener reports. The firm currently has a "buy" rating on the financial services provider's stock. TD Cowen's target price would indicate a potential upside of 21.36% from the stock's previous close.

COF has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Evercore ISI raised their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday, September 29th. Finally, Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.44.

Capital One Financial Stock Performance

COF opened at $215.06 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a market cap of $137.53 billion, a price-to-earnings ratio of 110.49, a PEG ratio of 0.79 and a beta of 1.18. The company's 50 day moving average is $219.30 and its 200 day moving average is $201.35. Capital One Financial has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.14 EPS. On average, equities research analysts predict that Capital One Financial will post 15.65 EPS for the current year.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 over the last ninety days. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC boosted its position in Capital One Financial by 3.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after buying an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its position in Capital One Financial by 0.3% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after buying an additional 50 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider's stock valued at $27,000 after buying an additional 50 shares during the period. Culbertson A N & Co. Inc. boosted its position in Capital One Financial by 0.4% in the 2nd quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider's stock valued at $2,418,000 after buying an additional 50 shares during the period. Finally, TFB Advisors LLC boosted its position in Capital One Financial by 3.4% in the 1st quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares during the period. 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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