Discover Financial Services’ (DFS) “Hold” Rating Reaffirmed at Jefferies Financial Group

Discover Financial Services (NYSE:DFS)‘s stock had its “hold” rating restated by research analysts at Jefferies Financial Group in a report released on Wednesday,Benzinga reports. They presently have a $180.00 target price on the financial services provider’s stock. Jefferies Financial Group’s target price points to a potential downside of 4.36% from the company’s previous close.

A number of other research firms have also issued reports on DFS. JPMorgan Chase & Co. lowered their price target on Discover Financial Services from $169.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Truist Financial boosted their target price on Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a report on Friday, April 25th. TD Securities decreased their price target on Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on shares of Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, January 24th. Finally, Barclays raised their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Discover Financial Services has an average rating of “Moderate Buy” and a consensus price target of $191.64.

Discover Financial Services Stock Down 1.1 %

Shares of NYSE:DFS opened at $188.20 on Wednesday. The firm has a 50 day simple moving average of $168.76 and a 200-day simple moving average of $175.75. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $205.76. 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 company has a market capitalization of $47.36 billion, a PE ratio of 11.79, a P/E/G 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. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, equities analysts predict that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Discover Financial Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Discover Financial Services in the first quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Discover Financial Services during the 1st quarter valued at $26,000. Golden State Wealth Management LLC increased its position in Discover Financial Services by 438.2% during the first quarter. Golden State Wealth Management LLC now owns 183 shares of the financial services provider’s stock worth $31,000 after buying an additional 149 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Discover Financial Services in the fourth quarter worth $33,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter valued at $34,000. 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.