Discover Financial Services Price Target Increased to $59.00 by Analysts at Barclays (DFS)
Barclays boosted their target price on shares of Discover Financial Services (NYSE:DFS) from $57.00 to $59.00 in a research note issued on Friday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 11.68% from the stock’s previous close.
A number of other firms have also recently commented on DFS. Analysts at Citigroup Inc. upgraded shares of Discover Financial Services from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $56.00 price target on the stock. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $55.86.
Shares of Discover Financial Services (NYSE:DFS) traded up 2.03% on Friday, hitting $52.83. 3,257,414 shares of the company’s stock traded hands. Discover Financial Services has a 52-week low of $37.24 and a 52-week high of $53.36. The stock has a 50-day moving average of $50.1 and a 200-day moving average of $48.04. The company has a market cap of $25.558 billion and a P/E ratio of 11.61.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters 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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