Discover Financial Services Rating Reiterated by JPMorgan Chase & Co. (DFS)
Discover Financial Services (NYSE:DFS)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $65.00 target price on the stock, up from their previous target price of $59.00. JPMorgan Chase & Co.’s target price would indicate a potential upside of 2.48% from the company’s current price.
Shares of Discover Financial Services (NYSE:DFS) traded up 0.68% during mid-day trading on Wednesday, hitting $63.86. 1,631,665 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 $63.57. The stock’s 50-day moving average is $61.47 and its 200-day moving average is $57.61. The company has a market cap of $29.776 billion and a price-to-earnings ratio of 12.85.
Discover Financial Services (NYSE:DFS) last posted its quarterly 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 $5.28 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DFS. Analysts at Citigroup Inc. 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 a “buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Discover Financial Services from $62.00 to $71.00 in a research note on Monday. Finally, analysts at Burke & Quick initiated coverage on shares of Discover Financial Services in a research note on Thursday, July 10th. They set a “market outperform” rating on the stock. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.59.
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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