Discover Financial Services (NYSE:DFS) Receives $62.07 Average PT from Analysts

Shares of Discover Financial Services (NYSE:DFS) have been assigned an average rating of “Buy” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $60.64.

Several equities research analysts have recently issued reports on the company. Oppenheimer assumed coverage on Discover Financial Services in a report on Thursday, April 23rd. They issued a “hold” rating on the stock. ValuEngine raised Discover Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, June 4th. Imperial Capital reaffirmed an “outperform” rating and issued a $32.00 target price (down from $34.00) on shares of Discover Financial Services in a report on Tuesday, March 17th. JMP Securities reduced their target price on Discover Financial Services from $92.00 to $48.00 and set a “market outperform” rating on the stock in a report on Monday, April 27th. Finally, Zacks Investment Research upgraded Discover Financial Services from a “sell” rating to a “hold” rating and set a $52.00 price target for the company in a research report on Monday, June 8th.

In other Discover Financial Services news, EVP Robert Andrew Eichfeld bought 12,650 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $39.50 per share, for a total transaction of $499,675.00. Following the completion of the transaction, the executive vice president now directly owns 33,454 shares of the company’s stock, valued at $1,321,433. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.55% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. FSA Wealth Management LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $32,000. TFG Advisers LLC bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $40,000. Bartlett & Co. LLC bought a new stake in shares of Discover Financial Services during the first quarter valued at approximately $27,000. Ellevest Inc. raised its stake in shares of Discover Financial Services by 76.9% during the first quarter. Ellevest Inc. now owns 757 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 329 shares in the last quarter. Finally, West Bancorporation Inc. bought a new stake in shares of Discover Financial Services during the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 82.82% of the company’s stock.

NYSE:DFS traded down $3.39 on Friday, reaching $48.67. 7,255,244 shares of the company’s stock traded hands, compared to its average volume of 5,972,566. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.87. The stock has a 50-day simple moving average of $48.44 and a 200-day simple moving average of $59.47. The firm has a market cap of $15.95 billion, a PE ratio of 7.29, a P/E/G ratio of 4.45 and a beta of 1.87. Discover Financial Services has a 12 month low of $23.25 and a 12 month high of $92.98.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($2.34). Discover Financial Services had a net margin of 15.39% and a return on equity of 20.38%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the business earned $2.15 earnings per share. Discover Financial Services’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Discover Financial Services will post 1.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.76 annualized dividend and a dividend yield of 3.62%. Discover Financial Services’s dividend payout ratio (DPR) is presently 19.38%.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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