Discover Financial Services (DFS) PT Set at $82.00 by Oppenheimer

Discover Financial Services (NYSE:DFS) has been assigned a $82.00 target price by analysts at Oppenheimer in a research report issued on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 16.25% from the company’s current price.

A number of other brokerages also recently commented on DFS. Argus raised Discover Financial Services from an “average” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, January 26th. Instinet reduced their price target on Discover Financial Services from $96.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Zacks Investment Research raised Discover Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley increased their price target on Discover Financial Services from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Wells Fargo reduced their price target on Discover Financial Services from $84.00 to $76.00 and set a “market perform” rating for the company in a report on Thursday, March 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Discover Financial Services has an average rating of “Buy” and a consensus target price of $84.65.

Shares of DFS opened at $70.54 on Thursday. The stock has a market capitalization of $25,152.26, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.46. Discover Financial Services has a one year low of $57.50 and a one year high of $81.93. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.55.



Discover Financial Services (NYSE:DFS) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $1.85 billion. Discover Financial Services had a return on equity of 21.49% and a net margin of 17.95%. research analysts anticipate that Discover Financial Services will post 7.65 EPS for the current year.

In other news, EVP Kathryn Mcnamara Corley sold 37,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $80.08, for a total transaction of $2,962,960.00. Following the sale, the executive vice president now directly owns 147,770 shares in the company, valued at approximately $11,833,421.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel Peter Capozzi sold 5,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the sale, the senior vice president now owns 23,977 shares in the company, valued at $1,917,440.69. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 29,000 shares of company stock worth $8,670 and have sold 253,675 shares worth $19,571,644. 0.81% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. DnB Asset Management AS raised its position in shares of Discover Financial Services by 1.7% during the 4th quarter. DnB Asset Management AS now owns 40,715 shares of the financial services provider’s stock worth $3,132,000 after purchasing an additional 700 shares during the period. Atlantic Trust Group LLC raised its position in shares of Discover Financial Services by 2.9% during the 3rd quarter. Atlantic Trust Group LLC now owns 26,329 shares of the financial services provider’s stock worth $1,697,000 after purchasing an additional 738 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Discover Financial Services by 9.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 8,203 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 738 shares during the period. Piedmont Investment Advisors LLC raised its position in shares of Discover Financial Services by 1.8% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 44,307 shares of the financial services provider’s stock worth $2,857,000 after purchasing an additional 804 shares during the period. Finally, Wetherby Asset Management Inc. raised its position in shares of Discover Financial Services by 9.4% during the 4th quarter. Wetherby Asset Management Inc. now owns 9,425 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 813 shares during the period. Institutional investors and hedge funds own 86.40% of the company’s stock.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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