Discover Financial Services (NYSE:DFS) Price Target Lowered to $146.00 at JPMorgan Chase & Co.

Discover Financial Services (NYSE:DFS) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $150.00 to $146.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 18.44% from the stock’s current price.

DFS has been the topic of several other reports. Wells Fargo & Company boosted their target price 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. Royal Bank of Canada boosted their price objective on shares of Discover Financial Services from $148.00 to $161.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Truist Financial began 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 for the company. Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $137.00 to $186.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Discover Financial Services from $170.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Discover Financial Services presently has an average rating of “Hold” and a consensus price target of $164.75.

Discover Financial Services Stock Performance

Shares of DFS stock traded up $3.32 during mid-day trading on Tuesday, hitting $179.00. The stock had a trading volume of 228,195 shares, compared to its average volume of 1,152,456. The firm has a market cap of $44.94 billion, a PE ratio of 14.45, a PEG ratio of 1.12 and a beta of 1.45. The company’s 50-day simple moving average is $175.82 and its 200-day simple moving average is $151.06. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.08 and a quick ratio of 1.04. 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 announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $4.36 billion. Discover Financial Services had a net margin of 13.78% and a return on equity of 21.38%. During the same quarter last year, the firm earned $2.59 earnings per share. Sell-side analysts anticipate that Discover Financial Services will post 13.43 earnings per share for the current year.

Institutional Investors Weigh In On Discover Financial Services

Several hedge funds have recently made changes to their positions in the business. Invst LLC raised its stake in Discover Financial Services by 0.9% during the third quarter. Invst LLC now owns 7,253 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 62 shares during the period. CTC Alternative Strategies Ltd. raised its position in shares of Discover Financial Services by 3.2% in the 3rd quarter. CTC Alternative Strategies Ltd. now owns 2,047 shares of the financial services provider’s stock worth $287,000 after buying an additional 63 shares during the period. Eagle Bluffs Wealth Management LLC boosted its holdings in Discover Financial Services by 0.5% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 14,501 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 67 shares during the last quarter. Venturi Wealth Management LLC grew its position in Discover Financial Services by 27.4% during the third quarter. Venturi Wealth Management LLC now owns 316 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 68 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in Discover Financial Services by 4.6% during the fourth quarter. Capital Investment Advisors LLC now owns 1,687 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 74 shares during the last quarter. 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; 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.