Capital One Financial (NYSE:COF) Rating Lowered to Neutral at Piper Sandler

Capital One Financial (NYSE:COF) was downgraded by equities researchers at Piper Sandler from an “overweight” rating to a “neutral” rating in a research note issued on Wednesday, Briefing.com reports. They currently have a $143.00 price objective on the financial services provider’s stock, down from their prior price objective of $164.00. Piper Sandler’s price target suggests a potential upside of 8.14% from the company’s current price.

Several other research firms have also issued reports on COF. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Capital One Financial from $194.00 to $192.00 in a research report on Tuesday, January 11th. Wolfe Research lowered shares of Capital One Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 17th. JPMorgan Chase & Co. decreased their price target on shares of Capital One Financial from $192.00 to $177.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 19th. Morgan Stanley decreased their price target on shares of Capital One Financial from $217.00 to $157.00 and set an “overweight” rating on the stock in a research report on Monday, March 28th. Finally, Edward Jones upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Thursday, January 13th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $175.23.

COF stock opened at $132.23 on Wednesday. Capital One Financial has a 12-month low of $122.43 and a 12-month high of $177.95. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market cap of $54.43 billion, a price-to-earnings ratio of 4.93, a PEG ratio of 0.42 and a beta of 1.51. The company has a 50 day moving average of $137.18 and a two-hundred day moving average of $147.45.

Capital One Financial (NYSE:COFGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $5.62 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.12. The business had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $8.02 billion. Capital One Financial had a net margin of 38.68% and a return on equity of 19.77%. Capital One Financial’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.03 EPS. On average, research analysts anticipate that Capital One Financial will post 20.26 EPS for the current year.

In other news, General Counsel Matthew W. Cooper sold 6,767 shares of the business’s stock in a transaction on Thursday, January 27th. The shares were sold at an average price of $146.82, for a total value of $993,530.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 6,825 shares of company stock worth $1,002,042. 1.27% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of COF. Kovack Advisors Inc. raised its position in Capital One Financial by 19.3% during the third quarter. Kovack Advisors Inc. now owns 3,117 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 505 shares in the last quarter. Van ECK Associates Corp grew its stake in Capital One Financial by 8.0% during the third quarter. Van ECK Associates Corp now owns 5,148 shares of the financial services provider’s stock worth $834,000 after buying an additional 382 shares in the last quarter. Human Investing LLC acquired a new stake in Capital One Financial during the third quarter worth about $208,000. Deutsche Bank AG grew its stake in Capital One Financial by 18.6% during the third quarter. Deutsche Bank AG now owns 1,145,222 shares of the financial services provider’s stock worth $185,491,000 after buying an additional 179,569 shares in the last quarter. Finally, Ironwood Investment Counsel LLC lifted its holdings in shares of Capital One Financial by 1.1% in the third quarter. Ironwood Investment Counsel LLC now owns 43,487 shares of the financial services provider’s stock worth $7,043,000 after acquiring an additional 457 shares during the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial (Get Rating)

Capital One Financial Corporation operates as the financial services 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, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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