Capital One Financial (NYSE:COF) Given New $72.00 Price Target at Royal Bank of Canada

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Capital One Financial (NYSE:COF) had its target price raised by research analysts at Royal Bank of Canada from $58.00 to $72.00 in a research report issued to clients and investors on Thursday, The Fly reports. Royal Bank of Canada’s target price suggests a potential upside of 6.13% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Piper Sandler increased their price objective on Capital One Financial from $74.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price objective on Capital One Financial from $114.50 to $62.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Deutsche Bank reaffirmed a “hold” rating and set a $76.00 price target (down from $86.00) on shares of Capital One Financial in a report on Friday, April 24th. Barclays reaffirmed a “buy” rating and set a $93.00 price target on shares of Capital One Financial in a report on Thursday, April 9th. Finally, Oppenheimer decreased their price target on Capital One Financial from $66.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Capital One Financial presently has an average rating of “Buy” and a consensus price target of $85.35.

Capital One Financial stock traded down $3.96 during mid-day trading on Thursday, hitting $67.84. The company had a trading volume of 364,988 shares, compared to its average volume of 4,663,920. The stock has a market cap of $31.02 billion, a price-to-earnings ratio of 13.34 and a beta of 1.73. Capital One Financial has a 1 year low of $38.00 and a 1 year high of $107.59. The business has a fifty day moving average of $63.51 and a 200 day moving average of $81.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.97.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported ($3.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.90 by ($5.92). The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.34 billion. Capital One Financial had a net margin of 8.26% and a return on equity of 5.73%. Capital One Financial’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 earnings per share. Equities analysts anticipate that Capital One Financial will post -2.07 earnings per share for the current year.

In other news, insider Kleber Santos sold 2,263 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $43.08, for a total value of $97,490.04. Following the completion of the transaction, the insider now owns 22,304 shares in the company, valued at $960,856.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timothy P. Golden sold 3,334 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $57.63, for a total value of $192,138.42. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Telemus Capital LLC increased its position in shares of Capital One Financial by 17.7% in the first quarter. Telemus Capital LLC now owns 21,712 shares of the financial services provider’s stock valued at $1,477,000 after buying an additional 3,260 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Capital One Financial by 2.8% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 91,947 shares of the financial services provider’s stock valued at $4,636,000 after buying an additional 2,492 shares in the last quarter. Great Lakes Retirement Inc. increased its position in shares of Capital One Financial by 7.8% in the first quarter. Great Lakes Retirement Inc. now owns 5,345 shares of the financial services provider’s stock valued at $269,000 after buying an additional 387 shares in the last quarter. Tredje AP fonden increased its position in shares of Capital One Financial by 2.8% in the first quarter. Tredje AP fonden now owns 34,301 shares of the financial services provider’s stock valued at $1,729,000 after buying an additional 946 shares in the last quarter. Finally, Advisory Resource Group increased its position in shares of Capital One Financial by 53.6% in the first quarter. Advisory Resource Group now owns 20,077 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 7,007 shares in the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

Capital One Financial Company Profile

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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