Discover financial services (NYSE: SDF) saw its price target lowered by equity research analysts to Barclays from $140.00 to $133.00 in a research note published Friday, Fly reports. Barclaysthe price target would suggest a potential upside of 33.00% from the stock’s previous close.
DFS has been the subject of several other research reports. Piper Sandler cut her price target on Discover Financial Services from $139.00 to $127.00 and set an “overweight” rating on the stock in a Wednesday, June 29 research report. Citigroup downgraded Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Friday. StockNews.com began covering Discover Financial Services in a research report on Thursday, March 31. They have set a “holding” rating on the stock. Deutsche Bank Aktiengesellschaft cut its price target on Discover Financial Services from $150.00 to $140.00 in a research report on Friday. Finally, Keefe, Bruyette & Woods reduced their price target on Discover Financial Services from $150.00 to $135.00 in a Monday, July 11 research report. Seven investment analysts gave the stock a hold rating and nine gave the company a buy rating. According to MarketBeat, Discover Financial Services currently has an average rating of “Moderate Buy” and an average price target of $131.93.
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NYSE: DFS opened at $100.00 on Friday. The company has a debt ratio of 1.38, a current ratio of 1.26 and a quick ratio of 1.26. Discover Financial Services has a 1-year minimum of $88.02 and a 1-year maximum of $135.69. The stock’s 50-day simple moving average is $102.25 and its two-hundred-day simple moving average is $111.14. The company has a market capitalization of $28.10 billion, a price/earnings ratio of 6.51, a PEG ratio of 0.25 and a beta of 1.48.
Discover financial services (NYSE: DFS – Get a rating) last released its quarterly earnings data on Wednesday, July 20. The financial services provider reported earnings per share (EPS) of $3.96 for the quarter, beating analyst consensus estimates of $3.77 by $0.19. The company posted revenue of $3.22 billion for the quarter, versus a consensus estimate of $3.18 billion. Discover Financial Services recorded a return on equity of 36.64% and a net margin of 34.89%. The company’s revenue decreased by 9.9% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $5.55. As a group, stock analysts expect Discover Financial Services to post earnings per share of 14.93 for the current fiscal year.
Institutional investors weigh in on Discover Financial Services
Several hedge funds have recently changed their positions in the company. Tyler Stone Wealth Management purchased a new equity stake in Discover Financial Services during Q4 for $27,000. CVA Family Office LLC purchased a new equity stake in Discover Financial Services during Q4 for $34,000. GHE LLC purchased a new equity stake in Discover Financial Services during Q2 for $33,000. Widmann Financial Services Inc. purchased a new stake in shares of Discover Financial Services during Q4 for $35,000. Finally, Bellwether Advisors LLC purchased a new equity stake in Discover Financial Services during Q4 for $37,000. 85.53% of the shares are currently held by hedge funds and other institutional investors.
About Explore 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 loans; and direct-to-consumer deposit products including savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and money transfer accounts.
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