Discover financial services (NYSE: SDF) had its price target raised by Stephens stock research analysts to $107.00 in a note issued to investors on Tuesday, Target Stock Advisor reports. Stephens’ price target would suggest a potential upside of 6.69% from the stock’s previous close.
DFS has been the subject of several other research reports. Credit Suisse Group cut its price target on shares of Discover Financial Services to $134.00 in a Friday, July 22 research note. Barclays cut its price target on shares of Discover Financial Services from $140.00 to $133.00 and set an “overweight” rating on the stock in a Friday July 22 report. Citigroup downgraded Discover Financial Services from a “buy” rating to a “neutral” rating and lowered its price target for the company from $140.00 to $115.00 in a Friday, July 22 research note. Wells Fargo & Company cut its price target on Discover Financial Services from $130.00 to $103.00 and set an “equal weight” rating for the company in a Wednesday, July 13 research report. Finally, Bank of America lowered its price target on Discover Financial Services from $128.00 to $120.00 in a Sunday July 24 report. Eight analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, Discover Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.
See how financial services stocks are performing
NYSE DFS traded down $1.88 during Tuesday’s trading, hitting $100.29. 1,452,456 shares of the company have been traded, compared to its average volume of 1,818,425. The stock has a market capitalization of $27.40 billion, a price-earnings ratio of 6.53, a PEG ratio of 0.22 and a beta of 1.43. The company has a debt ratio of 1.43, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50-day moving average of $102.77 and a 200-day moving average of $105.59. Discover Financial Services has a 12-month low of $88.02 and a 12-month high of $133.40.
Discover financial services (NYSE: DFS – Get a rating) last reported results on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $3.96 for the quarter, beating the consensus estimate of $3.77 by $0.19. The company posted revenue of $3.22 billion for the quarter, versus a consensus estimate of $3.18 billion. Discover Financial Services recorded a return on equity of 36.35% and a net margin of 34.89%. The company’s quarterly revenue was down 9.9% year over year. In the same quarter a year earlier, the company posted earnings of $5.55 per share. As a group, equity research analysts expect Discover Financial Services to post earnings per share of 15.36 for the current fiscal year.
Hedge funds weigh on Discover Financial Services
Institutional investors and hedge funds have recently been buying and selling stocks. MAI Capital Management increased its stake in Discover Financial Services by 25.2% during the 4th quarter. MAI Capital Management now owns 2,206 shares of the financial services provider valued at $255,000 after buying 444 additional shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings of Discover Financial Services shares by 42.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,380 shares of the financial services provider worth $622,000 after purchasing an additional 1,603 shares during the period. Invesco Ltd. increased its stake in shares of Discover Financial Services by 43.8% in the fourth quarter. Invesco Ltd. now owns 2,099,589 shares of the financial services provider worth $242,629,000 after purchasing an additional 639,624 shares in the last quarter. Hilltop Holdings Inc. increased its stake in Discover Financial Services by 18.1% during the 4th quarter. Hilltop Holdings Inc. now owns 3,613 shares of the financial services provider valued at $417,000 after purchasing an additional 554 shares during the period. Finally, Rowland & Co. Investment Counsel ADV bought a new position in Discover Financial Services during Q4, valued at approximately $1,031,000. 83.92% of the shares are currently held by institutional investors.
Discover the profile of the financial services company
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 loans; and direct-to-consumer deposit products including savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and money transfer accounts.
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