Discover Financial Services (NYSE:DFS) Coverage Initiated at StockNews.com

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

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Discover Financial Services from $140.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, January 19th. Piper Sandler raised their target price on Discover Financial Services from $127.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. The Goldman Sachs Group dropped their price target on Discover Financial Services from $139.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, January 19th. Seaport Res Ptn downgraded shares of Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday, March 15th. Finally, Morgan Stanley upgraded shares of Discover Financial Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $105.00 to $133.00 in a research note on Thursday, February 8th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Discover Financial Services currently has a consensus rating of “Hold” and an average target price of $126.29.

Discover Financial Services Price Performance

DFS stock opened at $125.06 on Friday. The company has a market capitalization of $31.34 billion, a P/E ratio of 14.26, a PEG ratio of 0.74 and a beta of 1.43. The company has a fifty day moving average price of $124.34 and a 200-day moving average price of $108.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.13 and a current ratio of 1.05. Discover Financial Services has a 52-week low of $79.04 and a 52-week high of $131.65.

Discover Financial Services (NYSE:DFS) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($1.88). The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.07 billion. Discover Financial Services had a return on equity of 16.74% and a net margin of 10.56%. During the same quarter last year, the business earned $3.58 earnings per share. As a group, equities analysts expect that Discover Financial Services will post 11.48 EPS for the current year.

Institutional Investors Weigh In On Discover Financial Services

Several institutional investors have recently bought and sold shares of the stock. Partnership Wealth Management LLC purchased a new position in Discover Financial Services during the 4th quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new position in Discover Financial Services during the fourth quarter worth about $28,000. MeadowBrook Investment Advisors LLC bought a new stake in Discover Financial Services in the 4th quarter worth about $31,000. Riverview Trust Co purchased a new stake in Discover Financial Services in the 1st quarter valued at about $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Discover Financial Services during the 4th quarter worth approximately $35,000. Institutional investors own 86.94% of the company’s stock.

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.