Citigroup Lowers Capital One Financial (NYSE:COF) Price Target to $230.00

Capital One Financial (NYSE:COF) had its price objective decreased by Citigroup from $245.00 to $230.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 26.00% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Truist Financial decreased their target price on shares of Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 14th. Evercore ISI raised Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company upped their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Price Performance

COF stock opened at $182.54 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $69.61 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.19 and a beta of 1.47. The firm’s fifty day moving average is $191.47 and its 200 day moving average is $177.12. Capital One Financial has a 52 week low of $128.23 and a 52 week high of $210.67.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter worth $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial in the 4th quarter worth about $577,012,000. Egerton Capital UK LLP purchased a new stake in Capital One Financial during the 4th quarter valued at about $279,159,000. FMR LLC increased its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP purchased a new position in Capital One Financial in the fourth quarter worth about $227,662,000. Institutional investors own 89.84% of the company’s stock.

About Capital One Financial

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.