Discover Financial Services Receives Consensus Rating of “Buy” from Analysts (NYSE:DFS)
Shares of Discover Financial Services (NYSE:DFS) have earned a consensus recommendation of “Buy” from the twenty brokerages that are covering the company, Analyst Ratings Network.com reports. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $68.95.
Shares of Discover Financial Services (NYSE:DFS) opened at 62.44 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 $61.96 and a 200-day moving average of $58.92. The company has a market cap of $28.841 billion and a P/E ratio of 12.19.
Discover Financial Services (NYSE:DFS) last released its earnings data on Tuesday, July 22nd. The company reported $1.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.20 earnings per share. Discover Financial Services’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Discover Financial Services will post $5.32 earnings per share for the current fiscal year.
DFS has been the subject of a number of recent research reports. 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 is a direct banking and payment services company. The Company is a bank holding company and a financial holding company.
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