Discover Financial Services Price Target Raised to $57.00 at FBR Capital Markets (DFS)
FBR Capital Markets boosted their target price on shares of Discover Financial Services (NYSE:DFS) from $55.00 to $57.00 in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 11.76% from the stock’s previous close.
A number of other analysts have also recently weighed in on DFS. Analysts at Deutsche Bank initiated coverage on shares of Discover Financial Services in a research note to investors on Monday, October 14th. They set a “buy” rating and a $62.00 price target on the stock. Separately, 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. Finally, 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, October 10th. They now have a $56.00 price target on the stock. 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.23.
Shares of Discover Financial Services (NYSE:DFS) traded down 0.86% during mid-day trading on Tuesday, hitting $51.00. The stock had a trading volume of 4,253,239 shares. Discover Financial Services has a one year low of $37.00 and a one year high of $51.70. The stock has a 50-day moving average of $49.53 and a 200-day moving average of $46.74. The company has a market cap of $24.429 billion and a P/E ratio of 11.53.
Discover Financial Services (NYSE:DFS) last released its earnings data on Monday, October 21st. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Discover Financial Services will post $4.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 21st. Investors 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.
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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