Oppenheimer Assigned a Sell Rating to Capital One Financial

By Austin Angelo

Oppenheimer analyst Chris Kotowski assigned a Sell rating to Capital One Financial (NYSE: COF) yesterday and set a price target of $60. The company’s shares closed yesterday at $82.15, close to its 52-week high of $83.82.

According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 5.6% and a 65.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Discover Financial Services, and Leucadia National Corp.

Capital One Financial has an analyst consensus of Hold, with a price target consensus of $73.50.

Based on Capital One Financial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.94 billion and quarterly net profit of $999 million. In comparison, last year the company earned revenue of $6.28 billion and had a net profit of $1.11 billion.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2015, Michael Slocum, the President of COF sold 7,477 shares for a total of $617,301.

Capital One Financial Corp. is a financial holding company, which operates through its subsidiaries, Capital One, NA and Capital One Bank USA, NA. It offers financial products and services to consumers, small businesses and commercial clients. The company operates through three segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment consists of domestic consumer and small business card lending, national small business lending, national closed end installment lending and the international card lending businesses in Canada and the United Kingdom. The Consumer Banking segment consists of branch-based lending and deposit gathering activities for consumers and small businesses, national deposit gathering, national auto lending and consumer home loan lending and servicing activities. The Commercial Banking segment consists of lending, deposit gathering and treasury management services to commercial real estate and commercial and industrial customers. Capital One Financial was founded by Richard D. Fairbank on July 21, 1994 and is headquartered in McLean, VA.