Brokerages Set Discover Financial Services (NYSE:DFS) Target Price at $191.64

Discover Financial Services (NYSE:DFS) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $191.64.

Several analysts recently issued reports on DFS shares. Wall Street Zen cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. TD Securities cut their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Truist Financial upped their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a report on Friday, April 25th. Argus raised shares of Discover Financial Services to a “strong-buy” rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th.

Discover Financial Services Trading Down 1.4%

NYSE DFS opened at $197.76 on Thursday. The company’s fifty day simple moving average is $194.14 and its 200-day simple moving average is $183.39. Discover Financial Services has a 52 week low of $122.37 and a 52 week high of $207.42. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a market cap of $49.77 billion, a P/E ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.92. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Equities research analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Institutional Trading of Discover Financial Services

Several institutional investors have recently added to or reduced their stakes in DFS. Raymond James Financial Inc. bought a new position in shares of Discover Financial Services during the fourth quarter worth about $38,489,000. AIA Group Ltd bought a new position in shares of Discover Financial Services during the fourth quarter worth about $1,854,000. SBI Securities Co. Ltd. bought a new position in shares of Discover Financial Services during the fourth quarter worth about $33,000. Blue Trust Inc. grew its position in shares of Discover Financial Services by 57.1% during the first quarter. Blue Trust Inc. now owns 597 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 217 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Discover Financial Services by 1.8% during the first quarter. Ritholtz Wealth Management now owns 3,629 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 86.94% of the company’s stock.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.