BTIG Research Upgrades Capital One Financial to 'Buy' Rating

On Tuesday, BTIG Research made the notable decision to upgrade Capital One Financial (NYSE: COF) from a "neutral" rating to a "buy" rating in a recent research note. Along with this upgrade, they set a price target of $208.00 for the financial services company. This new price target suggests a potential increase of 14.73% from Capital One's current stock price.

Additionally, several other equity research firms have also recently examined and commented on Capital One Financial's stock. For example, Barclays raised their price target from $219.00 to $220.00 and assigned an "overweight" rating to the company on January 22nd. Similarly, HSBC Global Research upgraded Capital One from a "moderate sell" rating to a "hold" rating in a report published earlier in January. UBS Group took further action by elevating their rating from "neutral" to "buy" and asserting a new price target of $235.00 on January 13th.

In yet another move, Bank of America also increased its rating from "neutral" to "buy" with a revised price objective soaring from $207.00 to $235.00 on February 19th. While importantly, Truist Financial adjusted their recommendation by lowering their target price from $257.00 to $215.00, but they maintained a "buy" rating for the company.

Presently, out of various research analysts that follow the stock, four have given it a hold rating, thirteen have assigned a buy rating, and two have rated it as a strong buy. Data from MarketBeat indicates that the stock currently holds an average rating of "Moderate Buy" alongside a consensus target price of $206.63.

Performance Overview of Capital One Financial

On Tuesday, Capital One Financial's stock opened at $181.29, exhibiting an increase of 3.7%. The stock has a 50-day moving average of $191.52 and a 200-day moving average of $176.81. With a market capitalization of $69.13 billion, the company has a price-to-earnings (PE) ratio of 15.64. Investors should note that the stock has experienced a twelve-month low of $128.23 and a high of $210.67. Its quick ratio and current ratio both stand at 0.98, with a debt-to-equity ratio of 0.74.

In terms of earnings, Capital One Financial recently reported its quarterly earnings on January 21st. During that quarter, the financial services provider reported earnings per share (EPS) of $3.09, surpassing the consensus estimate of $2.78 by $0.31. The company achieved a return on equity of 9.45% and a net margin of 9.46%. The revenue for the quarter was reported at $10.19 billion, slightly below the analyst estimates of $10.22 billion. Nonetheless, this marked a 7.2% year-over-year increase compared to the prior year's same quarter earnings of $2.81 EPS. Analysts forecast that Capital One Financial will exhibit an EPS of approximately 15.65 for the current fiscal year.

Institutional Investments in Capital One Financial

Recent investments from institutional investors have led to notable revisions in their positions with Capital One Financial stock. Bfsg LLC purchased a new stake during the fourth quarter valued around $27,000, while Kohmann Bosshard Financial Services LLC also acquired shares worth approximately the same amount. TruNorth Capital Management LLC made a purchase with a valuation of $29,000, and SBI Securities Co. Ltd. invested approximately $32,000. Furthermore, Decker Retirement Planning Inc. acquired shares for the same amount during the fourth quarter. Institutional investors currently own about 89.84% of Capital One Financial's total stock.

About Capital One Financial Corporation

Capital One Financial Corporation operates as a financial services holding company. The primary entity engaged in this operation is the Capital One, National Association, which provides a wide array of financial products and services across the United States, Canada, and the United Kingdom. Their services are categorized into three segments: Credit Card, Consumer Banking, and Commercial Banking.

Capital, Finance, Stocks