Evercore analyst John Pancari maintains $Capital One Financial (COF.US)$ with a hold rating, and adjusts the target price from $166 to $163.
According to TipRanks data, the analyst has a success rate of 42.4% and a total average return of -5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Capital One Financial (COF.US)$'s main analysts recently are as follows:
Consumer finance stocks have surpassed expectations, achieving an average total return of 18% since the start of the year. This performance is mainly attributed to multiple expansion rather than upward adjustments to earnings forecasts. In light of these circumstances, the suggestion is that investors should consider taking profits when opportunities arise. The current market sentiment seems to be overly optimistic towards 'Base' and 'Bull' case scenarios, while the potential for 'Bear' case or tail-risk events is being underestimated.
The expectation is for a dynamic third quarter earnings season for the specialty finance sector, with the Federal Reserve rate cut and consumer credit stress likely to be key focal points that may pose risks to expectations. A significant focus is anticipated on net interest income outlooks due to declining rates, and it is noted that many in the group may face pressure due to asset-sensitive balance sheets.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
