UPDATE: Baird Downgrades Capital One Financial (COF) to Neutral

June 7, 2021 4:35 AM EDT
Get Alerts COF Hot Sheet
Price: $160.08 -0.84%

Rating Summary:
    25 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - June 7, 2021 5:53 AM EDT)

Baird analyst David George downgraded Capital One Financial (NYSE: COF) from Outperform to Neutral with a price target of $145.00.

The analyst comments "We are downgrading COF to Neutral following significant outperformance of the stock (+68% YTD vs. S&P 500 +13% and +110% over the last year vs. S&P +32%) and a less than compelling valuation at ~1.85x TBV, ~17.7% cap/assets, and ~4.3x PPNR. While we have always felt Cap One is one of the best risk-adjusted credit providers in the group, it’s fully reflected in the stock here, and we see limited upside."

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 $166.26 yesterday.


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Robert W Baird, Standard & Poor's