Jefferies Lowers Numbers on Capital One Financial (COF) But Says Stock is Cheap

Article Stock Quotes (1) Comments (0)

Jefferies lowered estimates and its price target on Capital One Financial (NYSE: COF) from $67 to $60 but maintained a Buy rating saying the stock looks cheap here.

"We're lowering our FY'13 EPS estimate to $6.33 from $6.72 and our FY'14 EPS estimate from $7.16 to $6.56 due primarily to the $7B Best Buy card portfolio sale," the analyst notes. "With a good bit of bad news (Jan credit hiccup, CFO departure, Best Buy sale) priced into the stock currently, we see upside from current levels. COF currently trades at ~8x our FY'14 estimate, a 3 turn discount to other regional banks."

For an analyst ratings summary and ratings history on Capital One Financial click here. For more ratings news on Capital One Financial click here.

Shares of Capital One Financial closed at $50.80 yesterday, with a 52 week range of $47.99-$62.92.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• Wells Fargo Upgrades Rosetta Resources (ROSE) to Outperform, Shares Attractive
• SunPower (SPWR) Not Worth More than $13/Share, Says Goldman

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?