Capital One Financial (COF) Receives a Buy from Barclays

Barclays analyst Jason Goldberg maintained a Buy rating on Capital One Financial (COFResearch Report) on July 22 and set a price target of $170.00. The company’s shares closed last Friday at $108.93, close to its 52-week low of $98.54.

According to TipRanks.com, Goldberg is a 5-star analyst with an average return of 9.5% and a 56.5% success rate. Goldberg covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Bank of New York Mellon Corporation, and JPMorgan Chase & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capital One Financial with a $144.40 average price target, a 32.0% upside from current levels. In a report issued on July 7, Robert W. Baird also maintained a Buy rating on the stock with a $145.00 price target.

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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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