Recent Research Analysts’ Ratings Updates for Capital One Financial (COF)

A number of firms have modified their ratings and price targets on shares of Capital One Financial (NYSE: COF) recently:

  • 1/9/2019 – Capital One Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Capital One have marginally outperformed the industry over the last six months. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Estimates have been going up lately ahead of the company's fourth-quarter 2018 earnings release. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Also, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses are likely to hurt bottom-line growth in the near term. Moreover, deteriorating credit quality makes us apprehensive.”
  • 1/8/2019 – Capital One Financial had its price target lowered by analysts at Morgan Stanley from $107.00 to $100.00. They now have an “equal weight” rating on the stock.
  • 1/8/2019 – Capital One Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Shares of Capital One have marginally outperformed the industry over the last six months. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Estimates have been going up lately ahead of the company's fourth-quarter 2018 earnings release. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Also, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses and deteriorating credit quality makes us apprehensive.”
  • 1/3/2019 – Capital One Financial had its price target lowered by analysts at Wells Fargo & Co from $103.00 to $90.00. They now have an “outperform” rating on the stock.
  • 1/3/2019 – Capital One Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Capital One have marginally outperformed the industry over the last six months. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Estimates have been going up lately ahead of the company's fourth-quarter 2018 earnings release. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Also, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses are likely to hurt bottom-line growth to some extent. Also, deteriorating credit quality makes us apprehensive.”
  • 1/2/2019 – Capital One Financial had its price target lowered by analysts at Barclays PLC from $125.00 to $114.00. They now have an “overweight” rating on the stock.
  • 12/31/2018 – Capital One Financial had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $84.00 price target on the stock. According to Zacks, “Shares of Capital One have marginally outperformed the industry so far this year. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Also, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses and deteriorating credit quality makes us apprehensive.”
  • 12/20/2018 – Capital One Financial was downgraded by analysts at Wedbush to a “sell” rating. They now have a $80.00 price target on the stock.
  • 12/19/2018 – Capital One Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Capital One have marginally outperformed the industry so far this year. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Also, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses will continue to hurt bottom line growth to some extent. Further, deteriorating credit quality makes us apprehensive.”
  • 12/10/2018 – Capital One Financial was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $101.00 price target on the stock.
  • 12/6/2018 – Capital One Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Capital One’s shares have outperformed the industry so far this year. Moreover, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Moreover, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses and deteriorating asset quality remain major concerns for the company.”
  • 12/5/2018 – Capital One Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Capital One’s shares have underperformed the industry so far this year. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Moreover, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses are likely to hurt bottom-line growth to some extent. Also, deteriorating asset quality remains a major concern for the company.”
  • 11/21/2018 – Capital One Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “Capital One’s shares have outperformed the industry so far this year. Further, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. While mounting operating expenses and deteriorating asset quality remain major concerns, benefits from lower tax rates and restructuring initiatives will support financials.”
  • 11/19/2018 – Capital One Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Capital One’s shares have outperformed the industry so far this year. Further, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Its third-quarter 2018 results reflect rise in net interest income and lower provisions. A strong liquidity position, strength in its credit card and online banking businesses, higher interest rates and solid loan balance will aid growth further. Moreover, benefits from lower tax rates and restructuring initiatives will support financials. However, mounting operating expenses remains a major near-term concern and might hurt bottom-line growth. Also, deteriorating asset quality makes us apprehensive.”

Shares of Capital One Financial stock opened at $80.94 on Monday. The firm has a market cap of $38.16 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.65 and a beta of 1.31. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $106.50. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $3.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.23. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.88 billion. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $2.42 EPS. As a group, equities analysts expect that Capital One Financial Corp. will post 11.42 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in COF. Cornerstone Advisors Inc. raised its position in shares of Capital One Financial by 192.0% during the 3rd quarter. Cornerstone Advisors Inc. now owns 587 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 386 shares during the period. Farmers National Bank bought a new stake in Capital One Financial in the 2nd quarter valued at $102,000. Stratos Wealth Partners LTD. bought a new stake in Capital One Financial in the 3rd quarter valued at $130,000. QCI Asset Management Inc. NY increased its holdings in Capital One Financial by 698.3% in the 3rd quarter. QCI Asset Management Inc. NY now owns 1,405 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 1,229 shares during the last quarter. Finally, Cerebellum GP LLC increased its holdings in Capital One Financial by 6.8% in the 4th quarter. Cerebellum GP LLC now owns 2,037 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

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.

Read More: What is the quiet period?

Receive News & Ratings for Capital One Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply