Capital One Financial (NYSE:COF) Raised to “Buy” at Bank of America

Capital One Financial (NYSE:COF) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $235.00 price objective on the financial services provider’s stock, up from their previous price objective of $207.00. Bank of America‘s price target indicates a potential upside of 15.73% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Barclays increased their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Robert W. Baird increased their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Truist Financial increased their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada increased their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $198.50.

Capital One Financial Price Performance

NYSE:COF opened at $203.06 on Wednesday. The firm has a market cap of $77.41 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is $190.24 and its two-hundred day moving average is $169.47. Capital One Financial has a 12-month low of $128.23 and a 12-month high of $208.63.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.81 EPS. Research analysts expect that Capital One Financial will post 15.65 EPS for the current year.

Hedge Funds Weigh In On Capital One Financial

Several large investors have recently added to or reduced their stakes in COF. Creative Planning lifted its stake in Capital One Financial by 7.2% in the third quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock valued at $7,860,000 after buying an additional 3,507 shares during the last quarter. Blue Trust Inc. lifted its stake in Capital One Financial by 105.6% in the third quarter. Blue Trust Inc. now owns 3,278 shares of the financial services provider’s stock valued at $454,000 after buying an additional 1,684 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Capital One Financial by 14.6% in the third quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock valued at $303,000 after buying an additional 258 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Capital One Financial by 1.6% during the third quarter. Signaturefd LLC now owns 9,162 shares of the financial services provider’s stock valued at $1,372,000 after purchasing an additional 140 shares during the period. Finally, Eastern Bank acquired a new position in shares of Capital One Financial during the third quarter valued at $44,000. 89.84% of the stock is currently owned by institutional investors.

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.