Discover Financial Services (NYSE:DFS) Given New $150.00 Price Target at Deutsche Bank Aktiengesellschaft

Discover Financial Services (NYSE:DFS) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $145.00 to $150.00 in a research report issued to clients and investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 29.33% from the stock’s current price.

Several other analysts have also recently commented on DFS. Piper Sandler raised shares of Discover Financial Services from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $125.00 to $142.00 in a research note on Monday, January 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Discover Financial Services from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Tuesday, January 4th. Barclays lifted their price target on shares of Discover Financial Services from $146.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, January 10th. Citigroup lifted their price target on shares of Discover Financial Services from $154.00 to $157.00 in a report on Friday. Finally, Wolfe Research decreased their price target on shares of Discover Financial Services from $160.00 to $144.00 in a report on Thursday, March 17th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Discover Financial Services presently 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-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 1.25. Discover Financial Services has a one year low of $100.07 and a one year high 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:DFSGet Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $4.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.57 by $0.65. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Discover Financial Services had a net margin of 41.22% and a return on equity of 45.63%. Discover Financial Services’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.04 EPS. Research analysts forecast that Discover Financial Services will post 14.19 earnings per share for the current fiscal year.

In related news, CAO Shifra Kolsky sold 800 shares of the business’s stock in a transaction dated Tuesday, February 15th. 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. Also, CFO John Greene sold 4,443 shares of the business’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $127.95, for a total transaction of $568,481.85. The disclosure for this sale can be found here. Insiders sold a total of 13,892 shares of company stock valued at $1,747,661 in the last three months. Insiders own 0.59% of the company’s stock.

Large investors have recently made changes to their positions in the stock. PSI Advisors LLC bought a new stake in shares of Discover Financial Services during the 3rd quarter valued at about $25,000. Tyler Stone Wealth Management bought a new stake in shares of Discover Financial Services during the 4th quarter valued at about $27,000. CVA Family Office LLC acquired a new position in Discover Financial Services during the 4th quarter valued at about $34,000. Widmann Financial Services Inc. acquired a new position in Discover Financial Services during the 4th quarter valued at about $35,000. Finally, Bellwether Advisors LLC acquired a new position in Discover Financial Services during the 4th quarter valued at about $37,000. 84.95% of the stock is owned by institutional investors and hedge funds.

Discover Financial Services Company Profile (Get Rating)

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 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.

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