Discover Financial Services (NYSE:DFS) PT Raised to $160.00

Discover Financial Services (NYSE:DFS) had its price objective raised by equities research analysts at Wells Fargo & Company from $152.00 to $160.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 7.61% from the company’s current price.

DFS has been the subject of a number of other research reports. StockNews.com started coverage on shares of Discover Financial Services in a research note on Friday, October 11th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upped their price objective on Discover Financial Services from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. raised their target price on Discover Financial Services from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Evercore ISI upped their price target on Discover Financial Services from $140.00 to $156.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group raised their price objective on shares of Discover Financial Services from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $136.12.

Discover Financial Services Price Performance

Shares of NYSE DFS opened at $148.68 on Friday. The stock’s 50-day moving average is $137.08 and its two-hundred day moving average is $131.05. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.12 and a quick ratio of 1.04. The company has a market cap of $37.29 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.41. Discover Financial Services has a 1-year low of $79.04 and a 1-year high of $152.90.

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. Discover Financial Services had a net margin of 12.88% and a return on equity of 20.92%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. Analysts forecast that Discover Financial Services will post 13.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Discover Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elser Financial Planning Inc purchased a new stake in shares of Discover Financial Services in the second quarter valued at about $91,044,000. Magnetar Financial LLC purchased a new stake in Discover Financial Services in the 1st quarter valued at approximately $71,693,000. Samlyn Capital LLC increased its position in Discover Financial Services by 368.0% during the 2nd quarter. Samlyn Capital LLC now owns 646,691 shares of the financial services provider’s stock worth $84,594,000 after purchasing an additional 508,504 shares during the period. M&G Plc acquired a new position in Discover Financial Services during the 1st quarter worth approximately $62,829,000. Finally, National Bank of Canada FI raised its stake in shares of Discover Financial Services by 430.5% during the 1st quarter. National Bank of Canada FI now owns 443,707 shares of the financial services provider’s stock worth $54,752,000 after buying an additional 360,074 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

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.