Discover Financial Services (NYSE:DFS) PT Lowered to $94.00

Discover Financial Services (NYSE:DFS) had its target price reduced by investment analysts at Morgan Stanley from $95.00 to $94.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 8.85% from the company’s current price.

Several other equities research analysts have also issued reports on DFS. Royal Bank of Canada dropped their target price on shares of Discover Financial Services from $115.00 to $108.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. HSBC initiated coverage on shares of Discover Financial Services in a report on Friday, October 13th. They issued a “buy” rating and a $104.00 price objective for the company. StockNews.com initiated coverage on shares of Discover Financial Services in a report on Thursday, October 5th. They issued a “hold” rating for the company. TD Cowen initiated coverage on shares of Discover Financial Services in a report on Wednesday, November 1st. They issued an “outperform” rating and a $100.00 price objective for the company. Finally, Stephens lowered their price objective on shares of Discover Financial Services from $116.00 to $98.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.53.

Discover Financial Services Price Performance

DFS stock opened at $86.36 on Thursday. The firm has a 50 day moving average of $86.56 and a 200-day moving average of $98.35. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.48. Discover Financial Services has a 12 month low of $79.04 and a 12 month high of $122.50. The firm has a market capitalization of $21.60 billion, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.44.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.59). Discover Financial Services had a net margin of 18.39% and a return on equity of 27.23%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the business posted $3.54 earnings per share. Discover Financial Services’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts predict that Discover Financial Services will post 12.49 earnings per share for the current fiscal year.

Institutional Trading of Discover Financial Services

A number of hedge funds and other institutional investors have recently modified their holdings of DFS. Householder Group Estate & Retirement Specialist LLC bought a new position in Discover Financial Services in the 3rd quarter worth about $30,000. Resurgent Financial Advisors LLC bought a new position in Discover Financial Services during the 4th quarter valued at about $31,000. Pinnacle Bancorp Inc. lifted its stake in Discover Financial Services by 282.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 282 shares during the period. Horizon Bancorp Inc. IN lifted its stake in Discover Financial Services by 76.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 347 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 150 shares during the period. Finally, Compass Wealth Management LLC bought a new position in Discover Financial Services during the 4th quarter valued at about $34,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

Discover Financial Services Company Profile

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.