Discover Financial Services Given New $72.00 Price Target at FBR Capital Markets (DFS)
Investment analysts at FBR Capital Markets hoisted their price objective on shares of Discover Financial Services (NYSE:DFS) from $65.00 to $72.00 in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 13.83% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $62.24.
Discover Financial Services (NYSE:DFS) traded down 0.58% on Monday, hitting $62.88. 765,731 shares of the company’s stock traded hands. Discover Financial Services has a one year low of $46.93 and a one year high of $63.48. The stock has a 50-day moving average of $60.26 and a 200-day moving average of $57.12. The company has a market cap of $29.319 billion and a price-to-earnings ratio of 12.81.
Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, April 22nd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.33 earnings per share. On average, analysts predict that Discover Financial Services will post $5.27 earnings per share 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.