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.
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.