Company Update: Capital One Financial Corp. (NYSE:COF)

[PRNewswire] Capital One Financial Corp. (NYSE:COF) (TREND ANALYSIS), announced net income for the fourth quarter of 2014 of $999 million, or $1.73 per diluted common share, compared to the third quarter of 2014 with net income of $1.1 billion, or $1.86 per diluted common share, and the fourth quarter of 2013 with net income of $852 million, or $1.43 per diluted common share.

“2014 was a strong year for Capital One. We returned to growth in our Domestic Card business, delivered $10.1 billion in pre-provision earnings, and returned significant capital to our shareholders. We’re poised to build on the momentum in 2015,” said Richard D. Fairbank, Chairman and Chief Executive Officer. “Our strategic priorities for 2015 have not changed, and we remain focused on the levers to create value and sustain strong performance for our shareholders.”

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Capital One Financial (NYSE:COF) is currently trading 12.84% below its 52-week-high, 10.46% above its 52-week-low. The 1-year range for the stock is $67.86 – $85.39. Capital One Financial (COF) has a price to earnings ratio of 9.88 versus S&P 500 average of 18.15. The stock price has under-performed the S&P 500 by 6.6%. COF is currently valued at $41.55 billion and closed the last trading session at $74.96. The stock has a 50-day moving average of $79.67 and a 200-day moving average of $80.95.

Capital One Financial (COF) current short interest stands at 5.69 millions shares. It has increased by 2% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.33 millions shares, the number of days required to cover the short positions stand at 1.4 days.

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There are currently twenty-nine analysts that cover COF. Of those twenty-nine, nineteen have a Buy rating, ten have a Hold rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $90.94.

The most recent analyst activity consisted of Oppenheimer reiterating their Outperform stance on January 23. Oppenheimer decreased price target from $97 to $96. This corresponds to a 28.07% upside from the last closing price. On the date of report, the stock closed at $77.6.

Another recent analyst activity consisted of RBC Capital Mkts reiterating their Outperform stance on January 23. RBC Capital Mkts decreased price target from $86 to $84. This corresponds to a 12.06% upside from the last closing price. On the date of report, the stock closed at $77.6.

A third research firm was UBS who reiterated their Buy stance on July 24. UBS increased their price target on Capital One from $85 to $92. This translates to a 22.73% upside from the last closing price. On the date of report, the stock closed at $81.78.

Company profile

Capital One Financial Corp. (NYSE:COF) operates as the bank holding company for Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. The company operates in three segments: Credit Card, Consumer Banking, and Commercial Banking. It provides various non-interest bearing and interest-bearing deposits, including demand deposits, money market deposits, and negotiable order of withdrawal accounts, savings accounts, and certificates of deposit.

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