Royal Bank of Canada Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its price target boosted by Royal Bank of Canada from $190.00 to $200.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 0.62% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Barclays upped their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Truist Financial began coverage on shares of Capital One Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $229.00 price objective for the company. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $203.00 to $200.00 in a report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their price objective on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $190.47.

Capital One Financial Price Performance

Capital One Financial stock traded up $5.55 during midday trading on Wednesday, reaching $198.76. 3,201,771 shares of the stock were exchanged, compared to its average volume of 3,173,747. Capital One Financial has a 52 week low of $128.23 and a 52 week high of $199.16. The firm has a market cap of $75.77 billion, a PE ratio of 18.75, a PEG ratio of 1.23 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company’s fifty day moving average is $183.98 and its 200-day moving average is $161.38.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. On average, sell-side analysts forecast that Capital One Financial will post 13.53 EPS for the current year.

Insiders Place Their Bets

In other Capital One Financial news, insider Kara West sold 721 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COF. Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial in the fourth quarter worth $32,000. Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial in the third quarter worth $36,000. Creative Financial Designs Inc. ADV grew its stake in shares of Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the last quarter. Eastern Bank bought a new stake in Capital One Financial in the third quarter valued at $44,000. Finally, Prospera Private Wealth LLC bought a new position in Capital One Financial in the third quarter worth about $47,000. Institutional investors own 89.84% of the company’s stock.

About Capital One Financial

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.