Discover Financial Services (NYSE:DFS) Receives $191.64 Average Price Target from Brokerages

Shares of Discover Financial Services (NYSE:DFS) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $191.64.

A number of brokerages have commented on DFS. Truist Financial increased their price target on shares of Discover Financial Services from $219.00 to $229.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Wall Street Zen cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Argus raised shares of Discover Financial Services to a “strong-buy” rating in a report on Friday, April 25th. Jefferies Financial Group reiterated a “hold” rating and issued a $180.00 target price on shares of Discover Financial Services in a research report on Wednesday, May 7th. Finally, TD Securities lowered their price target on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, April 24th.

Hedge Funds Weigh In On Discover Financial Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Discover Financial Services during the 1st quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in shares of Discover Financial Services in the 1st quarter worth approximately $26,000. WPG Advisers LLC bought a new stake in shares of Discover Financial Services in the 1st quarter worth approximately $28,000. Meeder Asset Management Inc. increased its stake in shares of Discover Financial Services by 107.4% during the first quarter. Meeder Asset Management Inc. now owns 168 shares of the financial services provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $31,000 after acquiring an additional 149 shares in the last quarter. 86.94% of the stock is owned by institutional investors.

Discover Financial Services Stock Down 1.4%

DFS opened at $197.76 on Thursday. The business’s fifty day simple moving average is $195.67 and its 200 day simple moving average is $183.79. Discover Financial Services has a 52 week low of $122.37 and a 52 week high of $207.42. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market cap of $49.77 billion, a PE ratio of 12.39, a P/E/G ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, beating the consensus estimate of $3.33 by $0.92. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.10 EPS. As a group, research analysts expect that Discover Financial Services will post 13.88 earnings per share for the current fiscal year.

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.