Capital One Financial Corporation (COF) Receiving Somewhat Positive Press Coverage, Report Shows
News headlines about Capital One Financial Corporation (NYSE:COF) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Capital One Financial Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4011487666884 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Providence Equity completes DoubleVerify acquisition – PE Hub (subscription) (blog) (pehub.com)
- Capital One Faces Deteriorating Asset Quality, Rising Costs – Nasdaq (nasdaq.com)
- Capital One Hit With New Sell Rating – Benzinga (benzinga.com)
- Capital One Financial Corporation (COF) Receives New Coverage from Analysts at Piper Jaffray Companies (americanbankingnews.com)
Shares of Capital One Financial Corporation (NYSE COF) opened at 82.47 on Tuesday. The firm has a market cap of $39.92 billion, a PE ratio of 12.03 and a beta of 1.22. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92. The company has a 50 day moving average of $81.68 and a 200-day moving average of $82.69.
Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post $7.52 EPS for the current fiscal year.
Capital One Financial Corporation announced that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to buyback $1.85 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
COF has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. UBS AG upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. BidaskClub downgraded shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 target price on shares of Capital One Financial Corporation and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Instinet restated a “buy” rating and issued a $96.00 target price (down from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $91.68.
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In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is owned by insiders.
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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