Deutsche Bank Reiterates “Buy” Rating for Discover Financial Services (DFS)
Discover Financial Services (NYSE:DFS)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a $62.00 target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 21.57% from the stock’s previous close.
Shares of Discover Financial Services (NYSE:DFS) traded down 0.86% on Tuesday, hitting $51.00. 4,253,239 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $37.00 and a one year high of $51.70. The stock’s 50-day moving average is $49.53 and its 200-day moving average is $46.74. The company has a market cap of $24.673 billion and a price-to-earnings ratio of 11.53.
Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.01. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.07 billion. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Discover Financial Services will post $4.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, November 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note to investors on Tuesday, October 22nd. They now have a $56.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Discover Financial Services from $55.00 to $57.00 in a research note to investors on Tuesday, October 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Discover Financial Services from $57.00 to $59.00 in a research note to investors on Friday, October 11th. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.23.
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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