Discover Financial Services (NYSE:DFS) Receives Consensus Rating of “Hold” from Analysts

Discover Financial Services (NYSE:DFS) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.93.

DFS has been the subject of several research analyst reports. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. CIBC raised their price objective on Stella-Jones from C$51.00 to C$53.00 in a research note on Tuesday, May 7th. Deutsche Bank reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Bayerische Motoren Werke in a research note on Monday, July 8th. Nomura raised their price objective on PROS from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer raised their price objective on Itron from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th.

In other Discover Financial Services news, Director Mary K. Bush sold 496 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $77.53, for a total transaction of $38,454.88. Following the completion of the transaction, the director now owns 53,564 shares of the company’s stock, valued at $4,152,816.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R. Mark Graf sold 30,741 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $81.92, for a total value of $2,518,302.72. Following the transaction, the chief financial officer now directly owns 56,072 shares of the company’s stock, valued at approximately $4,593,418.24. The disclosure for this sale can be found here. Insiders have sold 48,369 shares of company stock valued at $3,953,668 in the last three months. 0.81% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of DFS. Icon Wealth Partners LLC acquired a new stake in shares of Discover Financial Services during the first quarter worth $26,000. Weaver Consulting Group acquired a new position in Discover Financial Services in the first quarter valued at $28,000. Pinnacle Bank acquired a new position in Discover Financial Services in the fourth quarter valued at $32,000. IMA Wealth Inc. boosted its holdings in Discover Financial Services by 1,448.3% in the first quarter. IMA Wealth Inc. now owns 449 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 420 shares during the last quarter. Finally, Essex Savings Bank boosted its holdings in Discover Financial Services by 66.7% in the first quarter. Essex Savings Bank now owns 500 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Shares of DFS stock traded up $0.70 during trading hours on Friday, reaching $81.29. 1,110,113 shares of the company’s stock were exchanged, compared to its average volume of 1,615,996. The firm has a market cap of $26.32 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.09 and a beta of 1.54. The business’s 50 day simple moving average is $77.95. Discover Financial Services has a 1 year low of $54.36 and a 1 year high of $82.51. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.38 and a current ratio of 1.38.

Discover Financial Services (NYSE:DFS) last issued its earnings results on Thursday, April 25th. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.13. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.76 billion. Discover Financial Services had a return on equity of 26.34% and a net margin of 20.98%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. Sell-side analysts forecast that Discover Financial Services will post 8.77 EPS for the current fiscal year.

Discover Financial Services Company Profile

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

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Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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