Discover Financial Services (DFS) PT Set at $73.00 by Stephens

Discover Financial Services (NYSE:DFS) received a $73.00 price target from stock analysts at Stephens in a report issued on Tuesday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Stephens’ price objective suggests a potential downside of 5.78% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer set a $71.00 price target on shares of Discover Financial Services and gave the company a “buy” rating in a research report on Tuesday, October 24th. Nomura dropped their price target on shares of Discover Financial Services from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Buckingham Research started coverage on shares of Discover Financial Services in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 price target for the company. ValuEngine raised shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $86.00 target price on shares of Discover Financial Services in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.24.

Shares of Discover Financial Services (DFS) traded up $0.57 on Tuesday, reaching $77.48. 1,921,196 shares of the company’s stock traded hands, compared to its average volume of 2,521,750. The stock has a market cap of $28,150.00, a PE ratio of 13.34, a P/E/G ratio of 1.83 and a beta of 1.52. The company has a quick ratio of 1.55, a current 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 $77.79.

In related news, EVP Carlos Minetti sold 8,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.68, for a total value of $533,440.00. Following the completion of the transaction, the executive vice president now directly owns 173,149 shares in the company, valued at approximately $11,545,575.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO R. Mark Graf sold 16,503 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $66.67, for a total transaction of $1,100,255.01. Following the completion of the transaction, the chief financial officer now owns 82,402 shares of the company’s stock, valued at $5,493,741.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,019 shares of company stock valued at $8,892,976. 0.96% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in Discover Financial Services by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,255 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 14 shares in the last quarter. EP Wealth Advisors Inc. grew its stake in shares of Discover Financial Services by 0.4% in the first quarter. EP Wealth Advisors Inc. now owns 3,986 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 16 shares during the period. GM Advisory Group Inc. grew its stake in shares of Discover Financial Services by 0.3% in the second quarter. GM Advisory Group Inc. now owns 5,304 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 17 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in shares of Discover Financial Services by 0.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 3,230 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 24 shares during the period. Finally, South State Corp grew its stake in shares of Discover Financial Services by 0.7% in the second quarter. South State Corp now owns 3,457 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 25 shares during the period. Institutional investors own 84.77% of the company’s stock.

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Discover Financial Services Company Profile

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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