Jefferies Maintains a 'Hold' on Capital One Financial (COF); Adjusting Estimates Expected Equity Raise
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Price: $217.91 +2.56%
Rating Summary:
28 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
28 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Hold' on Capital One Financial (NYSE: COF) price target raised from $40 to $50.
Analyst, Daniel Furtado, said, "COF announced a $1.25B equity issuance to help fund the recent HSBC portfolio purchase. Guidance for Q1'12 EPS of $1.35 (ex ING bargain purchase gain) was provided and while $0.02 below street estimates, looks to be mostly in-line with expectations...While we are increasingly warming to COF's story and can foresee an environment where credit normalization takes a backseat in a risk-on environment, we still remain on the sidelines for the time being. We are taking our Q1'12 numbers up to $1.35, our FY'12 number up to $5.72 (from $5.43), and our FY'13 number up to $6.79 (from $6.45)."
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 $52.33 yesterday.
Analyst, Daniel Furtado, said, "COF announced a $1.25B equity issuance to help fund the recent HSBC portfolio purchase. Guidance for Q1'12 EPS of $1.35 (ex ING bargain purchase gain) was provided and while $0.02 below street estimates, looks to be mostly in-line with expectations...While we are increasingly warming to COF's story and can foresee an environment where credit normalization takes a backseat in a risk-on environment, we still remain on the sidelines for the time being. We are taking our Q1'12 numbers up to $1.35, our FY'12 number up to $5.72 (from $5.43), and our FY'13 number up to $6.79 (from $6.45)."
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 $52.33 yesterday.
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