Discover Financial Services (NYSE:DFS) had its price target increased by equities research analysts at Wells Fargo & Co from $83.00 to $84.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Wells Fargo & Co’s price objective points to a potential upside of 3.73% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Oppenheimer set a $71.00 target price on Discover Financial Services and gave the stock a “buy” rating in a report on Tuesday, October 24th. Nomura dropped their target price on Discover Financial Services from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Royal Bank of Canada reissued a “buy” rating and issued a $86.00 target price on shares of Discover Financial Services in a report on Wednesday, October 25th. Buckingham Research started coverage on Discover Financial Services in a report on Monday, October 2nd. They issued a “buy” rating and a $74.00 target price on the stock. Finally, ValuEngine raised Discover Financial Services from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Discover Financial Services currently has an average rating of “Buy” and an average target price of $85.52.
Discover Financial Services (NYSE DFS) traded up $0.68 during trading on Thursday, reaching $80.98. The company’s stock had a trading volume of 2,365,365 shares, compared to its average volume of 2,108,283. The company has a quick ratio of 1.55, a current ratio of 1.08 and a debt-to-equity ratio of 2.52. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.25. The company has a market capitalization of $29,179.46, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.52.
Discover Financial Services (NYSE:DFS) last released its earnings results on Tuesday, October 24th. The financial services provider reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.06. Discover Financial Services had a return on equity of 21.20% and a net margin of 17.95%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.87 billion. equities analysts expect that Discover Financial Services will post 7.39 EPS for the current fiscal year.
In other Discover Financial Services news, EVP Kathryn Mcnamara Corley sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.81, for a total transaction of $307,240.00. Following the completion of the sale, the executive vice president now owns 134,744 shares of the company’s stock, valued at $10,349,686.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.80, for a total value of $2,004,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,774 shares of company stock valued at $11,573,670. 0.96% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Grove Bank & Trust grew its holdings in Discover Financial Services by 2,483.3% during the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,490 shares during the period. Rational Advisors LLC bought a new stake in Discover Financial Services during the third quarter valued at about $123,000. Americafirst Capital Management LLC bought a new stake in Discover Financial Services during the third quarter valued at about $140,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in Discover Financial Services during the second quarter valued at about $157,000. Finally, Arbor Investment Advisors LLC bought a new stake in Discover Financial Services during the fourth quarter valued at about $203,000. 84.72% of the stock is owned by institutional investors and hedge funds.
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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.