Somewhat Positive Press Coverage Somewhat Unlikely to Affect Capital One Financial Corporation (COF) Stock Price
News coverage about Capital One Financial Corporation (NYSE:COF) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Capital One Financial Corporation earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.1905082471221 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have weighed in on COF shares. BidaskClub raised shares of Capital One Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research note on Friday, June 16th. BMO Capital Markets restated a “buy” rating and set a $103.00 target price on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. Wedbush lowered Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the company from $94.00 to $80.00 in a research note on Wednesday, July 5th. Finally, Morgan Stanley restated an “overweight” rating and issued a $97.00 price target (down previously from $100.00) on shares of Capital One Financial Corporation in a research note on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $91.68.
Capital One Financial Corporation (COF) traded up 0.64% during mid-day trading on Friday, hitting $84.66. 1,978,072 shares of the stock traded hands. Capital One Financial Corporation has a 12 month low of $70.50 and a 12 month high of $96.92. The company has a market cap of $40.98 billion, a price-to-earnings ratio of 12.34 and a beta of 1.22. The stock’s 50 day moving average is $81.68 and its 200-day moving average is $82.69.
Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.76 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post $7.52 EPS for the current year.
Capital One Financial Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.85 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is currently owned by company insiders.
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About Capital One Financial Corporation
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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