Discover Financial Services (NYSE:DFS) Stock Rating Upgraded by UBS Group

Discover Financial Services (NYSE:DFS) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $239.00 price objective on the financial services provider’s stock, up from their previous price objective of $150.00. UBS Group’s target price points to a potential upside of 40.79% from the stock’s current price.

DFS has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of Discover Financial Services from $160.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Friday, January 3rd. StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial assumed coverage on shares of Discover Financial Services in a report on Tuesday, January 7th. They issued a “buy” rating and a $233.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Evercore ISI lifted their price target on shares of Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Discover Financial Services has a consensus rating of “Hold” and an average target price of $165.00.

Discover Financial Services Price Performance

DFS opened at $169.76 on Monday. The firm has a market cap of $42.62 billion, a P/E ratio of 13.70, a PEG ratio of 1.12 and a beta of 1.45. The firm has a 50-day moving average of $175.28 and a 200 day moving average of $150.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.04 and a current ratio of 1.08. Discover Financial Services has a fifty-two week low of $96.46 and a fifty-two week high of $188.26.

Discover Financial Services (NYSE:DFS) last released 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. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. On average, research analysts expect that Discover Financial Services will post 13.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in Discover Financial Services by 3,445.0% during the 2nd quarter. Acadian Asset Management LLC now owns 5,991 shares of the financial services provider’s stock valued at $783,000 after buying an additional 5,822 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Discover Financial Services by 0.7% during the second quarter. Oppenheimer & Co. Inc. now owns 25,074 shares of the financial services provider’s stock valued at $3,280,000 after buying an additional 182 shares during the period. Parallel Advisors LLC increased its stake in shares of Discover Financial Services by 1.7% during the second quarter. Parallel Advisors LLC now owns 6,172 shares of the financial services provider’s stock valued at $807,000 after buying an additional 102 shares during the period. Thoroughbred Financial Services LLC bought a new stake in Discover Financial Services during the second quarter valued at about $266,000. Finally, Wealthspire Advisors LLC boosted its position in Discover Financial Services by 16.6% during the second quarter. Wealthspire Advisors LLC now owns 3,443 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 490 shares in the last quarter. 86.94% of the stock is currently owned by 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.