Capital One Financial (NYSE:COF) had its price target raised by equities researchers at Morgan Stanley from $64.00 to $66.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's price target suggests a potential downside of 9.96% from the stock's current price.
Several other equities analysts also recently commented on the company. Wolfe Research began coverage on Capital One Financial in a research report on Friday, July 31st. They issued an "outperform" rating for the company. Piper Sandler raised their price objective on Capital One Financial from $77.00 to $82.00 in a research report on Wednesday, July 22nd. Oppenheimer raised their price objective on Capital One Financial from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Zacks Investment Research downgraded Capital One Financial from a "hold" rating to a "sell" rating and set a $72.00 price objective for the company. in a research report on Tuesday, August 11th. Finally, Royal Bank of Canada raised their price objective on Capital One Financial from $58.00 to $72.00 in a research report on Thursday, June 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. Capital One Financial has an average rating of "Buy" and an average price target of $84.44.
COF opened at $73.30 on Wednesday. The firm has a market cap of $34.08 billion, a P/E ratio of -198.11 and a beta of 1.77. Capital One Financial has a 52-week low of $38.00 and a 52-week high of $107.59. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. The business's fifty day moving average is $67.73 and its 200-day moving average is $64.61.
Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported ($2.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.25) by ($0.96). The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.88 billion. Capital One Financial had a return on equity of 1.67% and a net margin of 0.74%. During the same period last year, the company posted $3.24 earnings per share. On average, research analysts predict that Capital One Financial will post -2.14 earnings per share for the current fiscal year.
In related news, insider Timothy P. Golden sold 5,724 shares of Capital One Financial stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $69.11, for a total transaction of $395,585.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.47% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of COF. Public Employees Retirement Association of Colorado lifted its holdings in Capital One Financial by 1.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 86,785 shares of the financial services provider's stock worth $4,376,000 after acquiring an additional 1,596 shares during the period. Alps Advisors Inc. lifted its holdings in Capital One Financial by 11.8% during the first quarter. Alps Advisors Inc. now owns 4,169 shares of the financial services provider's stock worth $210,000 after acquiring an additional 441 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Capital One Financial by 1.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,003 shares of the financial services provider's stock worth $1,211,000 after acquiring an additional 433 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Capital One Financial by 133.7% during the first quarter. Oppenheimer & Co. Inc. now owns 9,290 shares of the financial services provider's stock worth $468,000 after acquiring an additional 5,315 shares during the period. Finally, Cetera Advisor Networks LLC raised its stake in shares of Capital One Financial by 32.5% in the first quarter. Cetera Advisor Networks LLC now owns 7,600 shares of the financial services provider's stock valued at $383,000 after buying an additional 1,864 shares during the period. Institutional investors and hedge funds own 88.15% of the company's stock.
About Capital One Financial
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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