Discover Financial Services Given Consensus Recommendation of “Buy” by Brokerages (NYSE:DFS)
Discover Financial Services (NYSE:DFS) has earned a consensus recommendation of “Buy” from the twenty analysts that are covering the stock, Stock Ratings News reports. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $68.95.
In other Discover Financial Services news, CFO R. Mark Graf sold 18,714 shares of Discover Financial Services stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $60.00, for a total transaction of $1,122,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on DFS. Analysts at Zacks reiterated a “neutral” rating on shares of Discover Financial Services in a research note on Wednesday, July 23rd. They now have a $67.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Discover Financial Services from $66.00 to $77.00 in a research note on Wednesday, July 23rd. They now have a “positive” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Discover Financial Services from $72.00 to $74.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock.
Discover Financial Services (NYSE:DFS) opened at 60.77 on Monday. Discover Financial Services has a 52 week low of $46.93 and a 52 week high of $64.44. The stock has a 50-day moving average of $62.04 and a 200-day moving average of $58.72. The company has a market cap of $28.070 billion and a P/E ratio of 11.85.
Discover Financial Services (NYSE:DFS) last announced its earnings results 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. On average, analysts predict that Discover Financial Services will post $5.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, August 5th.
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.