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Macquarie began coverage on shares of Discover Financial Services (NYSE:DFS) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Shares of Discover Financial Services (NYSE:DFS) traded up 1.30% on Wednesday, hitting $63.02. 2,000,155 shares of the company’s stock traded hands. Discover Financial Services has a 52 week low of $46.93 and a 52 week high of $63.48. The stock’s 50-day moving average is $60.92 and its 200-day moving average is $57.36. The company has a market cap of $29.385 billion and a P/E ratio of 12.60.

Discover Financial Services (NYSE:DFS) last announced its earnings results on Tuesday, April 22nd. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters 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 prior 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.

DFS has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Discover Financial Services from $63.00 to $72.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Discover Financial Services from $65.00 to $72.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $62.30.

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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