In a report issued on July 12, Meng Jiao from Deutsche Bank maintained a Buy rating on Capital One Financial (COF – Research Report), with a price target of $192.00. The company’s shares closed last Thursday at $114.27.
According to TipRanks.com, Jiao is a 2-star analyst with an average return of 0.0% and a 39.5% success rate. Jiao covers the Financial sector, focusing on stocks such as Discover Financial Services, Bread Financial Holdings, and Third Coast Bancshares.
Currently, the analyst consensus on Capital One Financial is a Moderate Buy with an average price target of $148.71, which is a 31.4% upside from current levels. In a report issued on June 29, Citigroup also maintained a Buy rating on the stock with a $162.00 price target.
Based on Capital One Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.17 billion and net profit of $2.4 billion. In comparison, last year the company earned revenue of $7.11 billion and had a net profit of $3.33 billion.
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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.
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