Discover Financial Services (DFS) Given a $82.00 Price Target at Oppenheimer

Oppenheimer set a $82.00 price objective on Discover Financial Services (NYSE:DFS) in a report issued on Thursday morning. The firm currently has a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on DFS. Instinet reduced their price objective on Discover Financial Services from $96.00 to $94.00 and set a buy rating on the stock in a research note on Thursday, January 25th. Barclays set a $95.00 price objective on Discover Financial Services and gave the company a buy rating in a research note on Friday, January 12th. Jefferies Group reaffirmed a buy rating and set a $91.00 price objective on shares of Discover Financial Services in a research note on Thursday, January 11th. Deutsche Bank started coverage on Discover Financial Services in a research note on Tuesday, January 2nd. They set a buy rating and a $92.00 price objective on the stock. Finally, Zacks Investment Research raised Discover Financial Services from a hold rating to a buy rating and set a $86.00 price objective on the stock in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $84.65.

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NYSE DFS traded down $1.09 during trading hours on Thursday, reaching $70.52. 357,022 shares of the stock traded hands, compared to its average volume of 2,219,584. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $81.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $25,152.26, a price-to-earnings ratio of 11.79, a PEG ratio of 0.69 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.02. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $1.85 billion. equities analysts expect that Discover Financial Services will post 7.65 earnings per share for the current fiscal year.

In related news, SVP Daniel Peter Capozzi sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the sale, the senior vice president now directly owns 23,977 shares of the company’s stock, valued at $1,917,440.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $70.08, for a total value of $2,102,400.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 29,000 shares of company stock worth $8,670 and sold 253,675 shares worth $19,571,644. 0.81% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DFS. DnB Asset Management AS boosted its position in Discover Financial Services by 1.7% during the 4th quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 700 shares in the last quarter. Atlantic Trust Group LLC boosted its position in Discover Financial Services by 2.9% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,329 shares of the financial services provider’s stock valued at $1,697,000 after acquiring an additional 738 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Discover Financial Services by 9.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,203 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 738 shares in the last quarter. Piedmont Investment Advisors LLC boosted its position in Discover Financial Services by 1.8% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 44,307 shares of the financial services provider’s stock valued at $2,857,000 after acquiring an additional 804 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Discover Financial Services by 9.4% during the 4th quarter. Wetherby Asset Management Inc. now owns 9,425 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 813 shares in the last quarter. 86.40% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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