Capital One Rating Increased to Hold at Canaccord Genuity (COF)

By admin | 6 years ago

Capital One (NYSE: COF) was upgraded by Canaccord Genuity from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Capital One in a research note to investors on Tuesday, April 24th. Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Capital One from $61.00 to $64.00 in a research note to investors on Monday, April 23rd. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of Capital One from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, April 23rd. They now have a $70.00 price target on the stock.

Shares of Capital One traded down 0.63% during mid-day trading on Tuesday, hitting $53.73. Capital One has a 52 week low of $35.94 and a 52 week high of $57.49. The company has a market cap of $27.332 billion and a P/E ratio of 7.29.

Capital One last announced its earnings results on Thursday, April 19th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.17. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts predict that Capital One will post $1.52 earnings per share next quarter.

Capital One Financial Corporation is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels.

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