Shares of Capital One Financial Corporation (COF) have dropped -7.4% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Capital One Financial Corporation (NYSE:COF) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 5 quarters (41%), whereas at 0 occasion EPS met analyst expectations. COF last reported earnings on October 23, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $2.99 per share, -19.41% change on the same period last year. That was better than consensus for $2.88. Revenue for the recent quarter stood at $6.96 billion, down 0% on last year and above the $6.9 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $6.9 billion to $7.19 billion, which should be compared with $7.39 billion generated last year. EPS is seen in a range of $2.49 to $3.42, against the $2.49 reported a year ago.
COF’s 50 day simple moving average (SMA 50) price is $83.42 and its 200-day simple moving average (SMA 200) price is $92.39. The company’s stock currently has a total float of 470.38M shares. Its weekly volatility is hovering around 2.04% and felt 3.09% volatility in price over a month. On the upside, the share price will test short term resistance at around $80.36. On a downside, the stock is likely to find some support, which begins at $79.55. The failure to get near-term support could push it to $79.16.
Separately, it has been reported that multiple insider activity took place at Capital One Financial Corporation (COF). Controller Golden Timothy P sold 4,073 shares for $14,668 in transaction occurred on 2018/08/02. After making this transaction, the Controller owns a direct stake of 390,397 shares, worth $1,172,707, as per the last closing price. On 2018/07/24 Borgmann Kevin S., Senior Advisor to the CEO at COF, dumped 19,117 shares at an average price of $100 per share. The selling total is valued at $3,473,828.
Chairman, CEO and President, Fairbank Richard D had divested 242,090 shares for $2,769,142 through a trade on 2018/07/24. Following this activity, the insider holds 24,046,800 shares worth $221,000,000 as of recent close. Wall Street’s most bullish Capital One Financial Corporation (NYSE:COF) analysts are predicting the share price to blow past $146 per share during the next 12 months. The current median share price forecast by them is $106, suggesting that the stock could increase 32.58% in that time frame. The average price target of $107.7 calls for a nearly 34.71% increase in the stock price.
It had seen a change in price target from analysts at Barclays, who reiterated the stock at Overweight on January 02 but moved PT from $125 to $114. Analysts at Robert W. Baird, shed their negative views on December 10 by lifting it fromNeutral to Outperform. The stock won favor of Oppenheimer analysts who expressed their confidence in it using an upgrade from Perform to Outperform on July 09. Credit Suisse analysts came out with bullish views on July 02 when the call was made. They think the stock is now Outperform compared to to their prior call for Neutral.
When looking at valuations, Capital One Financial Corporation (COF) has a cheap P/E of 7.19x as compared to industry average of 16.84x. Moreover, it trades for 7.05 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.75x price/book and 1.43x price/sales. Compared to others, Capital One Financial Corporation is in a different league with regards to profitability, having net margins of 13.1%. To put some perspective around this, the industry’s average net margin is 12.47%. COF’s ROE is 7%, which is also considerably worse than the industry’s ROE of 10.92%.
Capital One Financial Corporation (NYSE:COF) sank as low as $79.57 Thursday before getting settled at $79.95. The -0.77 percent decrease called for market cap to move at $38.2B. The price went up as high as $79.57 before retreating. Trading activity significantly improved as the volume at ready counter increased to 3,442,745 shares versus 3,162,395 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,993,529 shares. The stock is now 14.38% above against its bear-market low of $69.9 on December 26, 2018. It has retreated -33.21% since it’s 52-week high of $106.5 reached in January. Now the market price is down -21.38% on the year and up 5.77% YTD.