Rochdale's Dick Bove Starts Capital One (COF) at Neutral, Sets $53 Price Target

June 29, 2011 2:06 PM EDT
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Price: $227.34 +1.57%

Rating Summary:
    28 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 4 | New: 7
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Rochdale Securities' Dick Bove initiated coverage on shares of Capital One Financial (NYSE: COF) with a Neutral rating and a $53 price target Wednesday morning.

Bove sees Capital One reporting FY11 EPS of $7.06, FY12 EPS of $6.02 and FY13 EPS of $6.08. A consensus of analysts on the Street expect the bank to post FY11 and FY12 EPS of $6.87 and $5.86, respectively.

Capital One shares are up 0.7 percent to $51.76 this afternoon.

For more ratings news on Capital One Financial click here and for the rating history of Capital One Financial click here.


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