Discover Financial Services (NYSE:DFS) Upgraded at StockNews.com

StockNews.com upgraded shares of Discover Financial Services (NYSE:DFS) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

A number of other research firms have also issued reports on DFS. JPMorgan Chase & Co. reduced their price objective on Discover Financial Services from $150.00 to $146.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial assumed coverage on Discover Financial Services in a research report on Tuesday, January 7th. They set a “buy” rating and a $233.00 price objective for the company. Evercore ISI boosted their price objective on Discover Financial Services from $156.00 to $163.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Barclays raised Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $137.00 to $186.00 in a research note on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.75.

Discover Financial Services Trading Up 1.2 %

NYSE:DFS opened at $187.17 on Thursday. Discover Financial Services has a 12-month low of $96.46 and a 12-month high of $189.27. The firm has a market capitalization of $47.04 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.03. The business has a 50 day simple moving average of $176.94 and a 200 day simple moving average of $152.28.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.41. Discover Financial Services had a return on equity of 22.08% and a net margin of 13.78%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. Equities research analysts predict that Discover Financial Services will post 14.17 EPS for the current year.

Institutional Trading of Discover Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. DiNuzzo Private Wealth Inc. raised its position in shares of Discover Financial Services by 506.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 188 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 157 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Discover Financial Services during the third quarter worth $30,000. Grove Bank & Trust raised its position in shares of Discover Financial Services by 78.1% during the fourth quarter. Grove Bank & Trust now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the period. Pinnacle Bancorp Inc. raised its position in shares of Discover Financial Services by 37.1% during the third quarter. Pinnacle Bancorp Inc. now owns 292 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 79 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of 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 worth $44,000 after purchasing an additional 68 shares during the period. Institutional investors 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.