Wells Fargo & Company Issues Positive Forecast for Discover Financial Services (NYSE:DFS) Stock Price

Discover Financial Services (NYSE:DFS) had its price target increased by stock analysts at Wells Fargo & Company from $160.00 to $185.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.11% from the company’s current price.

DFS has been the topic of a number of other reports. StockNews.com cut Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods lifted their price objective on Discover Financial Services from $170.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. increased their price objective on Discover Financial Services from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Evercore ISI upped their price objective on shares of Discover Financial Services from $156.00 to $163.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Discover Financial Services from $148.00 to $161.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $151.36.

Discover Financial Services Stock Up 1.0 %

NYSE:DFS opened at $176.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. The company has a 50-day moving average of $172.33 and a 200 day moving average of $148.32. Discover Financial Services has a 1-year low of $96.46 and a 1-year high of $188.26. The firm has a market cap of $44.22 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating the consensus estimate of $3.28 by $0.41. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. Discover Financial Services had a return on equity of 21.38% and a net margin of 13.78%. During the same quarter in the prior year, the business posted $2.59 EPS. As a group, research analysts anticipate that Discover Financial Services will post 13.43 EPS for the current fiscal year.

Institutional Trading of Discover Financial Services

Large investors have recently modified their holdings of the business. DiNuzzo Private Wealth Inc. raised its position in shares of Discover Financial Services by 506.5% in the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock valued at $26,000 after buying an additional 157 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Discover Financial Services by 147.8% during the second quarter. Y.D. More Investments Ltd now owns 223 shares of the financial services provider’s stock worth $29,000 after buying an additional 133 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Discover Financial Services in the 3rd quarter worth about $30,000. Larson Financial Group LLC grew its holdings in Discover Financial Services by 348.2% in the 2nd quarter. Larson Financial Group LLC now owns 251 shares of the financial services provider’s stock valued at $33,000 after buying an additional 195 shares during the period. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Discover Financial Services by 37.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 79 shares during the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

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.