Discover Financial Services (NYSE:DFS) had its price objective boosted by equities researchers at Morgan Stanley from $91.00 to $93.00 in a research report issued on Friday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 17.77% from the stock’s previous close.
Several other brokerages also recently issued reports on DFS. ValuEngine upgraded shares of Discover Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays set a $73.00 target price on shares of Discover Financial Services and gave the company a “hold” rating in a research note on Wednesday, October 25th. Argus upgraded shares of Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, January 26th. Instinet cut their target price on shares of Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Oppenheimer set a $71.00 target price on shares of Discover Financial Services and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.61.
Shares of Discover Financial Services (NYSE:DFS) traded down $1.65 during trading hours on Friday, reaching $78.97. 2,180,000 shares of the company traded hands, compared to its average volume of 2,200,000. Discover Financial Services has a twelve month low of $57.50 and a twelve month high of $81.93. The firm has a market cap of $28,700.00, a P/E ratio of 14.60, a P/E/G ratio of 1.32 and a beta of 1.54. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.08 and a quick ratio of 1.55.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,490 shares during the last quarter. Rational Advisors LLC bought a new position in Discover Financial Services in the third quarter valued at approximately $123,000. Americafirst Capital Management LLC bought a new position in Discover Financial Services in the third quarter valued at approximately $140,000. Arbor Investment Advisors LLC bought a new position in Discover Financial Services in the fourth quarter valued at approximately $203,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Discover Financial Services in the second quarter valued at approximately $170,000. Institutional investors own 84.59% of the company’s stock.
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About Discover Financial Services
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.
