Discover Financial Services (NYSE:DFS) Price target raised to $148.00 at Credit Suisse Group

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Discover Financial Services (NYSE: DFS) had its price target raised by Credit Suisse Group from $142.00 to $148.00 in a research note released Friday to investors, Benzinga reports. The company currently has an “outperform” rating on shares of the financial services provider. Credit Suisse Group’s target price would indicate a potential upside of 26.71% from the current share price.

Several other analysts have also published reports on DFS. Deutsche Bank Aktiengesellschaft raised its target price on Discover Financial Services from $134.00 to $140.00 in a Tuesday, January 11 research note. Seaport Research Partners downgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a target price of $138.00 for the company in a Tuesday, Nov. 2, research report. Seaport Res Ptn upgraded Discover Financial Services from a “neutral” rating to a “buy” rating in a Tuesday, November 2 research report. Morgan Stanley raised its price target on Discover Financial Services from $139.00 to $146.00 and gave the stock an “equal weight” rating in a Monday, Dec. 6 report. Finally, Wells Fargo & Company raised its price target on Discover Financial Services from $125.00 to $135.00 and gave the stock an “equal weight” rating in a Friday, October 8 report. Six equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $136.61.

Shares of Discover Financial Services opened at $116.80 on Friday. The company has a debt ratio of 1.52, a quick ratio of 1.24 and a current ratio of 1.24. Discover Financial Services has a 52-week low of $81.27 and a 52-week high of $135.69. The stock has a 50-day moving average price of $117.35 and a two-hundred-day moving average price of $122.01. The stock has a market capitalization of $34.23 billion, a PE ratio of 6.99, a growth price-earnings ratio of 0.16 and a beta of 1.70.

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Discover Financial Services (NYSE:DFS) last released its results on Wednesday, January 19. The financial services provider reported earnings per share of $3.64 for the quarter, missing the Zacks consensus estimate of $3.68 per ($0.04). Discover Financial Services posted a net margin of 39.15% and a return on equity of 45.80%. The company posted revenue of $2.94 billion in the quarter, versus a consensus estimate of $3.02 billion. In the same quarter of the previous year, the company achieved EPS of $2.59. The company’s revenue for the quarter increased by 4.0% compared to the same quarter last year. Research analysts expect Discover Financial Services to post EPS of 17.66 for the current year.

Separately, director Cynthia A. Glassman sold 3,200 shares of the company in a trade that took place on Tuesday, October 26. The stock was sold at an average price of $123.93, for a total value of $396,576.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Executive Vice President Carlos Minetti sold 22,000 shares of the company in a transaction that took place on Monday, October 25. The stock was sold at an average price of $123.68, for a total value of $2,720,960.00. The disclosure of this sale can be found here. 0.54% of the shares are currently held by company insiders.

Institutional investors have recently been buying and selling shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Discover Financial Services by 13.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 56,792 shares of the financial services provider valued at $6,718,000 after buying an additional 6,529 shares in the last quarter. Mackenzie Financial Corp increased its stake in Discover Financial Services by 2.1% during the second quarter. Mackenzie Financial Corp now owns 31,620 shares of the financial services provider valued at $3,740,000 after buying an additional 644 shares in the last quarter. Berman Capital Advisors LLC increased its stake in Discover Financial Services by 28.7% during the 2nd quarter. Berman Capital Advisors LLC now owns 986 shares of the financial services provider valued at $116,000 after buying an additional 220 shares in the last quarter. Strategic Blueprint LLC acquired a new stake in Discover Financial Services during Q2 worth $35,000. Finally, Regentatlantic Capital LLC increased its stake in Discover Financial Services by 4.3% in the 2nd quarter. Regentatlantic Capital LLC now owns 28,736 shares of the financial services provider valued at $3,399,000 after purchasing an additional 1,196 shares in the last quarter. Institutional investors hold 84.22% of the company’s shares.

About Explore Financial Services

Discover Financial Services is a holding company that provides direct banking and payment services. It operates through Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals on the Discover network and other consumer products and services, including private student loans, personal loans, home loans and other lending products and consumer deposit.

See also: Environmental, Social and Governance (ESG) Investing

Analyst Recommendations for Discover Financial Services (NYSE: DFS)

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