Capital One Financial (NYSE:COF) Upgraded to “Outperform” at Robert W. Baird

Capital One Financial (NYSE:COF) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a $200.00 target price on the financial services provider’s stock, up from their prior target price of $190.00. Robert W. Baird’s target price points to a potential upside of 22.24% from the stock’s previous close.

COF has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Truist Financial lifted their price objective on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.60.

Capital One Financial Stock Down 5.5 %

NYSE COF opened at $163.62 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial has a 1-year low of $128.23 and a 1-year high of $210.67. The company has a 50 day moving average of $193.21 and a 200-day moving average of $174.92. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.19 and a beta of 1.47.

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

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $590,279,000. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $577,012,000. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $279,159,000. FMR LLC raised its holdings in shares of Capital One Financial by 21.6% during the fourth 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 during the period. Finally, Meritage Group LP acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $227,662,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.