Discover Financial Services Given New $66.00 Price Target at Guggenheim (DFS)
Equities researchers at Guggenheim boosted their price target on shares of Discover Financial Services (NYSE:DFS) from $62.00 to $66.00 in a research report issued on Tuesday, AnalystRatings.NET reports. Guggenheim’s price target would indicate a potential upside of 20.48% from the stock’s previous close.
A number of other firms have also recently commented on DFS. Analysts at UBS AG initiated coverage on shares of Discover Financial Services in a research note to investors on Monday. They set a “neutral” rating and a $56.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Discover Financial Services from $63.00 to $59.00 in a research note to investors on Friday. Finally, 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. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $56.52.
Shares of Discover Financial Services (NYSE:DFS) traded up 2.09% during mid-day trading on Tuesday, hitting $54.78. 2,600,620 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 $56.20. The stock has a 50-day moving average of $53.80 and a 200-day moving average of $51.40. The company has a market cap of $26.121 billion and a price-to-earnings ratio of 12.03.
Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Monday, October 21st. The company reported $1.20 earnings per share (EPS) for the quarter, beating the 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 $4.92 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.