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Barclays Raises Price Target On Capital One Following Q2 Results

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Early Friday morning, Barclays analyst Jason Goldberg issued a note in which he raised the price target on Capital One Financial (NYSE: COF) from $86 to $93 following the companies Q2 earnings beat.

Goldberg currently rates Capital One at Overweight and has a Positive industry view.

In conjunction with the increased price target, Goldberg has also raised his 2014 EPS estimate from $7.30 to $7.55.

According to Goldberg, the beat came on the back of a lower-than-expected loan loss provision, fee income and a decline in the company's tax rate. He also pointed out that the company benefited from NCO improvement, domestic card growth and active share repurchases.

Latest Ratings for COF

DateFirmActionFromTo
May 2016Guggenheim SecuritiesUpgradesSellNeutral
Apr 2016Bank of AmericaDowngradesNeutralUnderperform
Apr 2016Sandler O'NeillUpgradesHoldBuy

View More Analyst Ratings for COF
View the Latest Analyst Ratings

Posted-In: Barclays Jason GolbergAnalyst Color Price Target Reiteration Analyst Ratings

 

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