Discover Financial Services (NYSE:DFS) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Discover Financial Services (NYSE:DFS) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on DFS. BTIG Research started coverage on Discover Financial Services in a report on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. increased their price objective on Discover Financial Services from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wells Fargo & Company increased their price target on Discover Financial Services from $105.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Barclays increased their price target on Discover Financial Services from $120.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Finally, Seaport Res Ptn downgraded Discover Financial Services from a “buy” rating to a “neutral” rating in a report on Friday, March 15th. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.29.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $130.81 on Friday. The firm has a market capitalization of $32.80 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.76 and a beta of 1.41. Discover Financial Services has a 52 week low of $79.04 and a 52 week high of $131.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.50. The firm’s 50 day moving average is $124.81 and its two-hundred day moving average is $118.66.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $2.98 by ($1.88). The company had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 17.07%. During the same quarter in the prior year, the company earned $3.58 earnings per share. Research analysts forecast that Discover Financial Services will post 11.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Partnership Wealth Management LLC acquired a new position in Discover Financial Services in the 4th quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new position in Discover Financial Services in the 4th quarter valued at about $28,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Discover Financial Services during the 4th quarter valued at about $31,000. Riverview Trust Co acquired a new position in shares of Discover Financial Services during the 1st quarter valued at about $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Discover Financial Services during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

About Discover Financial Services

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; private student loans, 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.