Capital One's Acquisition of Discover (COF) Secures Regulatory Approval

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3 days ago
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Summary:

  • Capital One Financial's strategic acquisition of Discover Financial Services is on track for a May 18 completion.
  • Analysts predict a significant upside for Capital One Financial's stock, with a target price suggesting a potential 28.83% increase.
  • GuruFocus suggests a potential downside, providing a balanced view of the investment risk.

Capital One Financial (COF, Financial) is poised for growth as it secures all necessary approvals for its acquisition of Discover Financial Services. The deal, backed by shareholders and regulatory bodies, is scheduled for completion on May 18, ensuring a seamless transition for customers of both financial giants.

Wall Street Analysts Project an Uptrend

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Insights from 18 analysts set a promising average one-year price target of $209.69 for Capital One Financial Corp (COF, Financial). Their projections range from a high of $251.00 to a low of $160.00, indicating a potential 28.83% upside from the current trading price of $162.77. For further analysis and details, visit the Capital One Financial Corp (COF) Forecast page.

The consensus from 22 brokerage firms gives Capital One Financial Corp (COF, Financial) an "Outperform" rating, with an average brokerage recommendation rating of 2.0 on a scale from 1 (Strong Buy) to 5 (Sell).

GuruFocus' Perspective on GF Value

Conversely, GuruFocus estimates present a different perspective, with a projected GF Value of $154.42 for Capital One Financial Corp (COF, Financial) over the next year, indicating a potential 5.13% downside from the current price of $162.77. The GF Value is derived from historical price multiples and growth metrics, offering a distinct estimation of where the stock should trade. For in-depth analysis, explore the Capital One Financial Corp (COF) Summary page.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.