Discover Financial Services Price Target Raised to $69.00 at SunTrust (DFS)
Research analysts at SunTrust upped their price target on shares of Discover Financial Services (NYSE:DFS) from $63.00 to $69.00 in a report released on Wednesday. The firm currently has a “neutral” rating on the stock. SunTrust’s price target suggests a potential upside of 7.71% from the stock’s previous close.
Discover Financial Services (NYSE:DFS) opened at 64.06 on Wednesday. Discover Financial Services has a 1-year low of $46.93 and a 1-year high of $64.44. The stock’s 50-day moving average is $62.18 and its 200-day moving average is $57.90. The company has a market cap of $29.869 billion and a P/E ratio of 12.82.
Discover Financial Services (NYSE:DFS) last released its earnings data on Tuesday, July 22nd. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.05. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Discover Financial Services will post $5.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, August 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Discover Financial Services from $66.00 to $71.00 in a research note on Monday. They now have a “top pick” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday, July 16th. They now have a $65.00 price target on the stock, up previously from $59.00. Finally, 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, July 14th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.48.
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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