Weekly Investment Analysts’ Ratings Updates for Discover Financial Services (DFS)

Several analysts have recently updated their ratings and price targets for Discover Financial Services (NYSE: DFS):

  • 2/2/2018 – Discover Financial Services had its price target raised by analysts at Morgan Stanley from $91.00 to $93.00. They now have an “overweight” rating on the stock.
  • 1/26/2018 – Discover Financial Services was upgraded by analysts at Argus from an “average” rating to a “buy” rating. They now have a $90.00 price target on the stock.
  • 1/25/2018 – Discover Financial Services had its price target lowered by analysts at Instinet from $96.00 to $94.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target raised by analysts at Oppenheimer Holdings Inc. from $84.00 to $88.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target lowered by analysts at Barclays PLC from $95.00 to $94.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target raised by analysts at JMP Securities to $91.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target lowered by analysts at Royal Bank of Canada to $100.00. They now have a “top pick” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target lowered by analysts at JPMorgan Chase & Co. from $82.50 to $82.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target raised by analysts at Morgan Stanley from $79.00 to $91.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target raised by analysts at Credit Suisse Group AG from $91.00 to $95.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target raised by analysts at Wells Fargo & Co from $83.00 to $84.00. They now have a “market perform” rating on the stock.
  • 1/25/2018 – Discover Financial Services had its price target lowered by analysts at BMO Capital Markets from $97.00 to $93.00. They now have a “market perform” rating on the stock.
  • 1/12/2018 – Discover Financial Services was given a new $95.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 1/11/2018 – Discover Financial Services had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $91.00 price target on the stock.
  • 1/9/2018 – Discover Financial Services had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $107.00 price target on the stock.
  • 1/9/2018 – Discover Financial Services had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $83.00 price target on the stock, up previously from $69.00.
  • 1/3/2018 – Discover Financial Services was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the last six months, Discover Financial’s shares have outperformed the industry. The company is well poised for long-term growth on the back of consistent rise in revenues. Its strong Direct Banking business has significantly supported the top line. The company’s card sales have been soaring over past many years. Its efficient capital management also impresses. However, it has been incurring considerable expenses in order to compete with other credit card issuers, attract and retain customers, and increase card usage. The rising expenses have been severely weighing on the company’s margins. Its Payments Service segment has been a drag over the past few years despite management’s several corrective efforts. The company will release fourth quarter results after market closes on Jan 24, 2017.”
  • 1/2/2018 – Discover Financial Services was given a new $73.00 price target on by analysts at Stephens. They now have a “sell” rating on the stock.
  • 1/2/2018 – Discover Financial Services is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $92.00 price target on the stock.
  • 1/2/2018 – Discover Financial Services was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “In the last six months, Discover Financial’s shares have outperformed the industry. The company is well poised for long-term growth on the back of consistent rise in revenues. Its strong Direct Banking business has significantly supported the top line. The company’s card sales have been soaring over past many years. Its efficient capital management also impresses. However, it has been incurring considerable expenses in order to compete with other credit card issuers, attract and retain customers, and increase card usage. The rising expenses have been severely weighing on the company’s margins. Its Payments Service segment has been a drag over the past few years despite management’s several corrective efforts. The company will release fourth quarter results after market closes on Jan 24, 2017.”
  • 12/18/2017 – Discover Financial Services was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $83.00 price target on the stock.

Shares of Discover Financial Services (NYSE DFS) opened at $74.11 on Monday. The firm has a market cap of $26,930.14, a PE ratio of 13.70, a P/E/G ratio of 1.21 and a beta of 1.54. Discover Financial Services has a 12 month low of $57.50 and a 12 month high of $81.93. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.40 annualized dividend and a yield of 1.89%. Discover Financial Services’s dividend payout ratio (DPR) is 25.88%.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $70.15, for a total value of $2,104,500.00. Following the sale, the chief executive officer now owns 1,441,912 shares in the company, valued at $101,150,126.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn Mcnamara Corley sold 37,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the completion of the sale, the executive vice president now owns 147,770 shares in the company, valued at approximately $11,833,421.60. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 55,000 shares of company stock worth $16,300 and have sold 242,673 shares worth $18,685,542. 0.96% of the stock is owned by corporate insiders.

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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