Discover Financial Services (NYSE:DFS) Receives $188.91 Average PT from Analysts

Shares of Discover Financial Services (NYSE:DFS) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Seven 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. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $191.64.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price target on shares of Discover Financial Services in a research note on Wednesday, May 7th. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Barclays raised their target price on Discover Financial Services from $186.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial raised their target price on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Finally, Argus raised Discover Financial Services to a “strong-buy” rating in a research note on Friday, April 25th.

Discover Financial Services Price Performance

Shares of DFS stock opened at $190.10 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a twelve month low of $119.95 and a twelve month high of $205.76. The company has a market cap of $47.84 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.51 and a beta of 1.16. The business has a fifty day simple moving average of $168.89 and a 200 day simple moving average of $176.92.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.33 by $0.92. Discover Financial Services had a return on equity of 26.18% and a net margin of 17.29%. The business had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $38,489,000. Brookstone Capital Management purchased a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $282,000. Meyer Handelman Co. purchased a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $239,000. Mechanics Bank Trust Department purchased a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $234,000. Finally, JBGlobal.com LLC purchased a new stake in shares of Discover Financial Services in the 4th quarter worth approximately $346,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.

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.