Capital One Financial (NYSE:COF) Price Target Cut to $230.00 by Analysts at Citigroup

Capital One Financial (NYSE:COF) had its price objective reduced by Citigroup from $245.00 to $230.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective would indicate a potential upside of 26.00% from the company’s current price.

A number of other analysts have also recently commented on COF. Barclays upped their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Truist Financial decreased their price target on shares of 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. Finally, 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 report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $182.54 on Monday. The business has a 50-day simple moving average of $191.47 and a two-hundred day simple moving average of $177.12. 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 price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $210.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 earnings per share. On average, analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Capital One Financial in the 4th quarter worth approximately $590,279,000. Lone Pine Capital LLC bought a new stake in Capital One Financial in the fourth quarter worth $577,012,000. Egerton Capital UK LLP purchased a new stake in Capital One Financial during the fourth quarter valued at $279,159,000. FMR LLC lifted its position in 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 last quarter. Finally, Meritage Group LP purchased a new position in shares of Capital One Financial in the 4th quarter worth $227,662,000. 89.84% of the stock is owned by 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.