TD Securities Cuts Discover Financial Services (NYSE:DFS) Price Target to $184.00

Discover Financial Services (NYSE:DFS) had its target price cut by TD Securities from $188.00 to $184.00 in a report published on Thursday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

DFS has been the topic of several other reports. Wells Fargo & Company increased their price target on Discover Financial Services from $185.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, January 24th. UBS Group upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $150.00 to $239.00 in a research note on Monday, January 13th. StockNews.com downgraded shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Barclays boosted their target price on shares of Discover Financial Services from $186.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Truist Financial cut their price objective on shares of Discover Financial Services from $262.00 to $219.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $188.91.

Discover Financial Services Price Performance

NYSE DFS opened at $185.02 on Thursday. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The stock has a 50-day moving average of $169.86 and a 200 day moving average of $173.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. The company has a market capitalization of $46.55 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.51 and a beta of 1.20.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.33 by $0.92. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. On average, sell-side analysts forecast that Discover Financial Services will post 13.88 EPS for the current year.

Hedge Funds Weigh In On Discover Financial Services

A number of hedge funds have recently made changes to their positions in DFS. Opal Wealth Advisors LLC bought a new position in Discover Financial Services in the 1st quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Discover Financial Services during the first quarter worth $26,000. Golden State Wealth Management LLC boosted its position in shares of Discover Financial Services by 438.2% during the first quarter. Golden State Wealth Management LLC now owns 183 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 149 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Discover Financial Services in the 4th quarter valued at $33,000. Finally, Flagship Wealth Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter valued at $34,000. Institutional investors own 86.94% of the company’s stock.

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; 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.