Capital One Financial (NYSE:COF) Earns Outperform Rating from Analysts at Wolfe Research

Research analysts at Wolfe Research initiated coverage on shares of Capital One Financial (NYSE:COF) in a research note issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the financial services provider’s stock.

A number of other research analysts also recently commented on COF. Deutsche Bank dropped their price target on Capital One Financial from $76.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Royal Bank of Canada boosted their price target on Capital One Financial from $58.00 to $72.00 in a research note on Thursday, June 11th. ValuEngine raised Capital One Financial from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Oppenheimer boosted their price target on Capital One Financial from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Co dropped their price target on Capital One Financial from $115.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.47.

COF opened at $63.80 on Friday. Capital One Financial has a fifty-two week low of $38.00 and a fifty-two 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 company has a market capitalization of $29.05 billion, a P/E ratio of -172.43 and a beta of 1.75. The stock has a fifty day moving average of $64.43 and a 200-day moving average of $72.37.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported ($2.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.25) by ($0.96). Capital One Financial had a return on equity of 1.67% and a net margin of 0.74%. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.88 billion. During the same period in the prior year, the business posted $3.24 EPS. On average, equities research analysts predict that Capital One Financial will post -2.26 earnings per share for the current fiscal year.

In other news, insider Timothy P. Golden sold 3,334 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $57.63, for a total transaction of $192,138.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.47% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new stake in shares of Capital One Financial during the second quarter worth about $43,000. Ellevest Inc. boosted its holdings in Capital One Financial by 94.8% in the first quarter. Ellevest Inc. now owns 711 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 346 shares during the last quarter. Community Bank N.A. boosted its holdings in Capital One Financial by 47.6% in the second quarter. Community Bank N.A. now owns 723 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 233 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Capital One Financial in the first quarter valued at approximately $40,000. Finally, Campbell Wealth Management acquired a new position in Capital One Financial in the second quarter valued at approximately $61,000. Institutional investors own 89.08% 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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The Fly

Analyst Recommendations for Capital One Financial (NYSE:COF)

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