Discover Financial Services (NYSE: DFS) had its price target raised by Deutsche Bank Aktiengesellschaft from $145.00 to $150.00 in a research report released Friday to clients and investors, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 29.33% from the current share price.
Several other analysts have also recently commented on DFS. Piper Sandler upgraded shares of Discover Financial Services from a “neutral” rating to an “overweight” rating and raised the stock’s target price from $125.00 to $142.00 in a research note from the Monday January 24. They noted that the move was a review call. Zacks Investment Research moved shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a target price of $125.00 for the company in a Tuesday, January 4, research note. Barclays raised its price target on shares of Discover Financial Services from $146.00 to $158.00 and gave the company an “overweight” rating in a Monday, January 10 report. Citigroup raised its price target on shares of Discover Financial Services from $154.00 to $157.00 in a report on Friday. Finally, Wolfe Research cut its price target on shares of Discover Financial Services from $160.00 to $144.00 in a Thursday, March 17 report. Five investment analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Buy” and an average price target of $141.53.
DFS stock opened at $115.98 on Friday. The stock has a market capitalization of $33.04 billion, a P/E ratio of 6.53, a PEG ratio of 0.15 and a beta of 1.57. The company has a debt ratio of 1.50, a quick ratio of 1.25 and a current ratio of 1.25. Discover Financial Services has a one-year minimum of $100.07 and a one-year maximum of $135.69. The company has a 50-day moving average price of $112.97 and a two-hundred-day moving average price of $116.81.
Discover Financial Services (NYSE:DFS – Get Rating) last released its results on Wednesday, April 27. The financial services provider reported EPS of $4.22 for the quarter, beating Thomson Reuters consensus estimate of $3.57 by $0.65. The company posted revenue of $2.90 billion in the quarter, compared to $2.99 billion expected by analysts. Discover Financial Services posted a net margin of 41.22% and a return on equity of 45.63%. Discover Financial Services revenue for the quarter increased 3.8% year over year. During the same period of the previous year, the company achieved EPS of $5.04. Research analysts expect Discover Financial Services to post earnings per share of 14.19 for the current fiscal year.
Separately, CAO Shifra Kolsky sold 800 shares of the company in a transaction dated Tuesday, February 15. The shares were sold at an average price of $127.00, for a total transaction of $101,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Additionally, Chief Financial Officer John Greene sold 4,443 shares of the company in a trade dated Tuesday, February 15. The shares were sold at an average price of $127.95, for a total transaction of $568,481.85. The disclosure of this sale can be found here. Insiders sold a total of 13,892 shares of the company valued at $1,747,661 over the past three months. Insiders own 0.59% of the shares of the company.
Large investors have recently changed their positions in the stock. PSI Advisors LLC purchased a new stake in shares of Discover Financial Services during Q3 worth approximately $25,000. Tyler Stone Wealth Management purchased a new equity stake in Discover Financial Services during Q4, valued at approximately $27,000. CVA Family Office LLC acquired a new position in Discover Financial Services during Q4 worth approximately $34,000. Widmann Financial Services Inc. acquired a new position in Discover Financial Services during Q4 worth approximately $35,000. Finally, Bellwether Advisors LLC acquired a new position in Discover Financial Services during Q4 worth approximately $37,000. 84.95% of the shares are held by institutional investors and hedge funds.
Discover the profile of the financial services company (Get an evaluation)
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; private student loans, personal loans, home loans and other consumer loans; and direct-to-consumer deposit products including savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and money transfer accounts.
Receive news and reviews for Discover Financial Services Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Discover Financial Services and related companies with MarketBeat.com’s FREE daily newsletter.