Discover Financial Services Stock Rating Upgraded by Citigroup Inc. (DFS)
Discover Financial Services (NYSE:DFS) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $56.00 price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 6.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on DFS. Analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note to investors on Tuesday, September 17th. They now have a $54.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Discover Financial Services from $58.00 to $59.00 in a research note to investors on Monday, September 16th. Finally, analysts at Guggenheim raised their price target on shares of Discover Financial Services from $59.00 to $62.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Discover Financial Services has a consensus rating of “Buy” and an average target price of $55.86.
Shares of Discover Financial Services (NYSE:DFS) traded up 2.03% on Thursday, hitting $52.83. The stock had a trading volume of 3,257,414 shares. Discover Financial Services has a one year low of $37.24 and a one year high of $53.36. The stock’s 50-day moving average is $50.1 and its 200-day moving average is $48.04. The company has a market cap of $25.558 billion and a price-to-earnings ratio of 11.61.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Discover Financial Services will post $4.92 earnings per share for the current fiscal year.
Discover Financial Services is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.
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