Discover Financial Services (NYSE:DFS) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a $93.00 price target on the financial services provider’s stock, up from their previous price target of $73.00. Barclays’ price objective suggests a potential upside of 25.08% from the stock’s previous close.

DFS has been the topic of several other research reports. Zacks Investment Research cut shares of Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Buckingham Research began coverage on shares of Discover Financial Services in a research report on Monday, October 2nd. They issued a “buy” rating and a $74.00 price target on the stock. ValuEngine downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, September 11th. BMO Capital Markets dropped their price objective on shares of Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a research note on Wednesday, October 25th. Finally, Morgan Stanley lowered their price objective on shares of Discover Financial Services from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $76.26.

Shares of Discover Financial Services (DFS) traded up $0.55 during midday trading on Monday, hitting $74.35. 2,368,839 shares of the company’s stock were exchanged, compared to its average volume of 2,637,429. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $74.68. The company has a market capitalization of $26,817.49, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.53. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52.

In other news, CEO David W. Nelms sold 30,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.55, for a total transaction of $1,936,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Roger C. Hochschild sold 15,258 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.87, for a total value of $989,786.46. The disclosure for this sale can be found here. Insiders have sold a total of 183,277 shares of company stock valued at $12,335,343 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust grew its stake in shares of Discover Financial Services by 2,483.3% in the 3rd quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,490 shares during the period. Rational Advisors LLC purchased a new position in shares of Discover Financial Services in the 3rd quarter worth approximately $123,000. Americafirst Capital Management LLC purchased a new position in shares of Discover Financial Services in the 3rd quarter worth approximately $140,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Discover Financial Services in the 2nd quarter worth approximately $157,000. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Discover Financial Services in the 2nd quarter worth approximately $170,000. 84.99% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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