Several analysts have recently updated their ratings and price targets for Discover Financial Services (NYSE: DFS):

  • 11/15/2017 – Discover Financial Services was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/25/2017 – Discover Financial Services was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating.
  • 10/25/2017 – Discover Financial Services had its price target lowered by analysts at Nomura from $81.00 to $79.00. They now have a “buy” rating on the stock.
  • 10/25/2017 – Discover Financial Services had its price target raised by analysts at Bank of America Corporation from $67.00 to $69.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Discover Financial Services had its price target lowered by analysts at BMO Capital Markets from $69.00 to $67.00. They now have a “market perform” rating on the stock.
  • 10/25/2017 – Discover Financial Services was given a new $73.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 10/25/2017 – Discover Financial Services had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $86.00 price target on the stock.
  • 10/24/2017 – Discover Financial Services was given a new $71.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 10/23/2017 – Discover Financial Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Year to date, the shares of Discover Financial have underperformed the industry. The company has been incurring considerable expenses from past many quarters. in order to compete with other credit card issuers, attract and retain customers, and increase card usage. The rising expenses have been severely weighing on the company’s margins. Its Payments Service segment has been a drag over the past few years despite management’s several corrective efforts. This segment affects the company’s overall underwriting results adversely. Discover Financial will release its third quarter results on Oct 24, 2017 after the market closes.”
  • 10/17/2017 – Discover Financial Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Discover Financial’s shares have underperformed the industry year to date. Its weak Payment Service segment continues to hurt profitability. It has also been incurring expenses in order to compete with other credit card issuers, attract and retain customers, and increase card usage from past many quarters. The company has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised downward over the last 90 days. The company will release its third quarter results on Oct 24, 2017 after the market closes.”
  • 10/10/2017 – Discover Financial Services is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $69.00 price target on the stock.
  • 10/2/2017 – Discover Financial Services is now covered by analysts at Buckingham Research. They set a “buy” rating and a $74.00 price target on the stock.
  • 9/26/2017 – Discover Financial Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Discover Financial’s shares have underperformed the industry in last one year. Its weak Payment Service segment continues to hurt profitability. It has also been incurring expenses in order to compete with other credit card issuers, attract and retain customers, and increase card usage from past many quarters. The company has seen the Zacks Consensus Estimate for 2017 and 2018 earnings being revised downward over the last 30 days.”
  • 9/26/2017 – Discover Financial Services was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Discover Financial Services (NYSE DFS) traded down $0.79 on Wednesday, hitting $64.21. 2,046,300 shares of the stock traded hands, compared to its average volume of 2,665,270. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $74.33. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $23,619.74, a PE ratio of 11.17, a PEG ratio of 1.72 and a beta of 1.52.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, November 21st. Discover Financial Services’s dividend payout ratio (DPR) is presently 24.05%.

In other news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $59.10, for a total transaction of $1,773,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,529,912 shares in the company, valued at $90,417,799.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn Mcnamara Corley sold 4,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $59.63, for a total transaction of $238,520.00. Following the sale, the executive vice president now owns 150,744 shares of the company’s stock, valued at $8,988,864.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,277 shares of company stock valued at $11,020,650. 0.96% of the stock is currently owned by corporate insiders.

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.