Discover Financial Services (NYSE:DFS) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Discover Financial Services (NYSE:DFS) in a research report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Morgan Stanley raised shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $105.00 to $133.00 in a research report on Thursday, February 8th. Wolfe Research restated a “peer perform” rating on shares of Discover Financial Services in a report on Wednesday, February 21st. The Goldman Sachs Group lowered their price target on shares of Discover Financial Services from $139.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, January 19th. HSBC raised their price target on shares of Discover Financial Services from $107.00 to $144.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, Citigroup raised their price target on shares of Discover Financial Services from $127.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $126.29.

Discover Financial Services Trading Down 2.6 %

NYSE DFS opened at $125.68 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.13 and a current ratio of 1.05. The company has a market capitalization of $31.49 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.45. The company’s 50-day simple moving average is $123.45 and its two-hundred day simple moving average is $107.01. Discover Financial Services has a one year low of $79.04 and a one year high of $131.65.

Discover Financial Services (NYSE:DFS) last posted its earnings results on Thursday, April 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The business had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Discover Financial Services had a net margin of 10.56% and a return on equity of 16.74%. During the same period last year, the business posted $3.58 EPS. Equities analysts forecast that Discover Financial Services will post 11.39 EPS for the current fiscal year.

Institutional Trading of Discover Financial Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC lifted its stake in Discover Financial Services by 3.1% during the 1st quarter. Ballentine Partners LLC now owns 2,888 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 86 shares during the period. Wealthspire Advisors LLC lifted its stake in Discover Financial Services by 3.3% during the 4th quarter. Wealthspire Advisors LLC now owns 3,121 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 99 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in Discover Financial Services by 0.8% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 14,382 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 108 shares during the period. Simon Quick Advisors LLC lifted its stake in Discover Financial Services by 1.7% during the 4th quarter. Simon Quick Advisors LLC now owns 6,397 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 109 shares during the period. Finally, Premier Path Wealth Partners LLC lifted its stake in Discover Financial Services by 5.1% during the 1st quarter. Premier Path Wealth Partners LLC now owns 2,230 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 109 shares during the period. 86.94% of the stock is currently owned by institutional investors and hedge funds.

About Discover Financial Services

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.