BTIG Research Upgrades Capital One Financial (NYSE:COF) to Buy

Capital One Financial (NYSE:COF) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating in a report released on Tuesday, Marketbeat reports. The brokerage currently has a $208.00 price target on the financial services provider’s stock. BTIG Research’s price objective would suggest a potential upside of 15.63% from the stock’s previous close.

A number of other research firms have also recently issued reports on COF. Citigroup cut their target price on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Truist Financial lowered their target price on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Trading Down 1.4 %

NYSE COF opened at $179.88 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial has a one year low of $128.23 and a one year high of $210.67. The company has a 50-day simple moving average of $191.26 and a 200-day simple moving average of $177.14. The firm has a market capitalization of $68.59 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during 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%. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.81 earnings per share. On average, equities analysts forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Capital One Financial in the third quarter worth about $1,627,000. Advisors Asset Management Inc. lifted its position in shares of Capital One Financial by 11.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,555 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 557 shares in the last quarter. Intech Investment Management LLC purchased a new position in Capital One Financial during the 3rd quarter worth approximately $248,000. Great Valley Advisor Group Inc. lifted its holdings in shares of Capital One Financial by 14.0% in the third quarter. Great Valley Advisor Group Inc. now owns 3,116 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 382 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Capital One Financial by 23.1% in the third quarter. Cerity Partners LLC now owns 93,562 shares of the financial services provider’s stock worth $14,009,000 after buying an additional 17,565 shares during the period. 89.84% of the stock is owned by hedge funds and other 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.