Discover Financial Services (NYSE:DFS) Raised to Buy at UBS Group

UBS Group upgraded shares of Discover Financial Services (NYSE:DFS) from a neutral rating to a buy rating in a research note issued to investors on Monday, MarketBeat reports. UBS Group currently has $239.00 target price on the financial services provider’s stock, up from their previous target price of $150.00.

Several other analysts have also weighed in on the company. Royal Bank of Canada upped their price objective on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Barclays raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $137.00 to $186.00 in a report on Monday, January 6th. Truist Financial initiated coverage on shares of Discover Financial Services in a research note on Tuesday, January 7th. They issued a “buy” rating and a $233.00 price objective on the stock. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $164.75.

Discover Financial Services Trading Up 3.7 %

Shares of NYSE:DFS opened at $187.49 on Monday. The company has a 50 day moving average of $176.40 and a 200-day moving average of $151.42. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.28. The firm has a market cap of $47.12 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.12 and a beta of 1.46. Discover Financial Services has a twelve month low of $96.46 and a twelve month high of $188.99.

Discover Financial Services (NYSE:DFS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same period in the prior year, the firm posted $2.59 earnings per share. As a group, analysts anticipate that Discover Financial Services will post 13.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. FMR LLC grew its stake in Discover Financial Services by 8.0% during the 3rd quarter. FMR LLC now owns 7,493,862 shares of the financial services provider’s stock valued at $1,051,314,000 after acquiring an additional 558,227 shares in the last quarter. Samlyn Capital LLC grew its position in Discover Financial Services by 368.0% during the second quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock valued at $84,594,000 after purchasing an additional 508,504 shares in the last quarter. Mizuho Securities USA LLC increased its stake in Discover Financial Services by 1,272.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 265,155 shares of the financial services provider’s stock valued at $37,199,000 after buying an additional 245,829 shares during the period. Point72 Asset Management L.P. lifted its position in Discover Financial Services by 67.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 478,599 shares of the financial services provider’s stock worth $62,606,000 after buying an additional 192,142 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Discover Financial Services during the 3rd quarter valued at $21,169,000. 86.94% of the stock is owned by institutional investors and hedge funds.

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.