Discover Financial Services (DFS) Lifted to “Buy” at ValuEngine

Discover Financial Services (NYSE:DFS) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other brokerages have also recently commented on DFS. BMO Capital Markets lowered their target price on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a report on Wednesday, October 25th. Compass Point cut Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Morgan Stanley lowered their target price on Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, September 8th. Barclays set a $73.00 target price on Discover Financial Services and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research cut Discover Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $74.45.

Discover Financial Services (DFS) traded up $0.52 during midday trading on Friday, hitting $71.12. The stock had a trading volume of 2,557,963 shares, compared to its average volume of 1,959,036. The stock has a market cap of $25,843.66, a PE ratio of 12.22, a PEG ratio of 1.87 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $74.33.

In other news, EVP Carlos Minetti sold 8,000 shares of Discover Financial Services stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.51, for a total value of $516,080.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Nelms sold 30,000 shares of Discover Financial Services stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $64.55, for a total value of $1,936,500.00. The disclosure for this sale can be found here. Insiders sold a total of 123,019 shares of company stock valued at $8,099,143 in the last quarter. Company insiders own 0.96% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter worth about $451,000. Salem Investment Counselors Inc. raised its position in shares of Discover Financial Services by 31.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 64,294 shares of the financial services provider’s stock worth $4,181,000 after acquiring an additional 15,348 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter worth about $140,000. Sterling Capital Management LLC raised its position in shares of Discover Financial Services by 5.1% during the 3rd quarter. Sterling Capital Management LLC now owns 1,592,443 shares of the financial services provider’s stock worth $102,681,000 after acquiring an additional 77,169 shares in the last quarter. Finally, Piedmont Investment Advisors LLC raised its position in shares of Discover Financial Services by 1.8% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 44,307 shares of the financial services provider’s stock worth $2,857,000 after acquiring an additional 804 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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About Discover Financial Services

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.

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