Discover Financial Services (NYSE:DFS) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Discover Financial Services (NYSE:DFS) in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a $180.00 target price on the financial services provider’s stock.

A number of other analysts have also recently commented on DFS. Truist Financial lifted their target price on Discover Financial Services from $219.00 to $229.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. UBS Group raised Discover Financial Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $150.00 to $239.00 in a report on Monday, January 13th. TD Securities cut their target price on shares of Discover Financial Services from $188.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of Discover Financial Services from $185.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Friday, January 24th. Finally, StockNews.com cut shares of Discover Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Discover Financial Services has a consensus rating of “Moderate Buy” and an average target price of $191.64.

Discover Financial Services Stock Performance

Shares of Discover Financial Services stock opened at $189.35 on Wednesday. The business has a 50-day simple moving average of $168.63 and a 200-day simple moving average of $175.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.09. Discover Financial Services has a one year low of $119.95 and a one year high of $205.76. The company has a market cap of $47.65 billion, a PE ratio of 11.86, a P/E/G ratio of 1.51 and a beta of 1.16.

Discover Financial Services (NYSE:DFS) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.92. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.25 billion. Discover Financial Services had a net margin of 17.29% and a return on equity of 26.18%. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities research analysts forecast that Discover Financial Services will post 13.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Discover Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Discover Financial Services by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,045,208 shares of the financial services provider’s stock valued at $5,377,961,000 after buying an additional 290,937 shares in the last quarter. FMR LLC increased its position in Discover Financial Services by 0.8% during the 4th quarter. FMR LLC now owns 7,553,016 shares of the financial services provider’s stock worth $1,308,409,000 after purchasing an additional 59,154 shares in the last quarter. Geode Capital Management LLC raised its stake in Discover Financial Services by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,240,451 shares of the financial services provider’s stock valued at $1,082,826,000 after purchasing an additional 165,589 shares during the last quarter. Norges Bank purchased a new position in Discover Financial Services in the 4th quarter valued at about $724,720,000. Finally, Invesco Ltd. grew its holdings in shares of Discover Financial Services by 38.5% during the fourth quarter. Invesco Ltd. now owns 2,974,471 shares of the financial services provider’s stock worth $515,268,000 after buying an additional 826,287 shares in the last quarter. Institutional investors and hedge funds 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; 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.