Discover Financial Services Sets New 12-Month High at $60.28 (DFS)
Discover Financial Services (NYSE:DFS)’s share price reached a new 52-week high during mid-day trading on Thursday , Analyst Ratings News reports. The company traded as high as $60.28 and last traded at $60.17, with a volume of 1,067,775 shares traded. The stock had previously closed at $59.81.
DFS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Monday, May 26th. They now have a $60.00 price target on the stock. Finally, analysts at SunTrust reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday, April 23rd. They now have a $63.00 price target on the stock, up previously from $58.00. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $61.48.
The stock has a 50-day moving average of $57.11 and a 200-day moving average of $55.75. The company has a market cap of $27.972 billion and a P/E ratio of 12.12.
Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.05. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company posted $1.33 earnings per share. Analysts expect that Discover Financial Services will post $5.27 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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