In a report released yesterday, Dominick Gabriele from Oppenheimer assigned a Buy rating to Capital One Financial (COF – Research Report), with a price target of $179.00. The company’s shares closed last Thursday at $161.43, close to its 52-week high of $168.00.
According to TipRanks.com, Gabriele is a 4-star analyst with an average return of 18.0% and a 67.5% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Synchrony Financial, and SoFi Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Capital One Financial with a $171.47 average price target, which is a 5.7% upside from current levels. In a report issued on July 12, Wells Fargo also maintained a Buy rating on the stock with a $180.00 price target.
Based on Capital One Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.98 billion and net profit of $3.33 billion. In comparison, last year the company earned revenue of $7.07 billion and had a GAAP net loss of $1.34 billion.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COF in relation to earlier this year.
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Capital One Financial Corporation is a diversified banking company which primarily focuses on consumer and commercial lending as well as deposit origination. It engages in providing personal and commercial banking, credit cards, loans, savings and time deposits, treasury management and depository services. The company primarily operates in the United States, Canada and the United Kingdom.