Discover Financial Services Given New $59.00 Price Target at Barclays (DFS)
Equities research analysts at Barclays decreased their price objective on shares of Discover Financial Services (NYSE:DFS) from $63.00 to $59.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. Barclays’ target price would suggest a potential upside of 6.48% from the company’s current price.
A number of other analysts have also recently weighed in on DFS. Analysts at SunTrust initiated coverage on shares of Discover Financial Services in a research note to investors on Wednesday, December 18th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note to investors on Thursday, December 12th. They now have a $55.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Discover Financial Services in a research note to investors on Tuesday, November 19th. They now have a $61.00 price target on the stock, up previously from $57.00. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $56.36.
Shares of Discover Financial Services (NYSE:DFS) traded up 0.53% during mid-day trading on Friday, hitting $55.41. 2,393,500 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $37.24 and a one year high of $56.20. The stock’s 50-day moving average is $53.67 and its 200-day moving average is $51.21. The company has a market cap of $26.422 billion and a price-to-earnings ratio of 12.36.
Discover Financial Services (NYSE:DFS) last announced its 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. Discover Financial Services’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Discover Financial Services will post $4.93 EPS 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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