Discover Financial Services (DFS) Lifted to Equal at Stephens

Discover Financial Services (NYSE:DFS) was upgraded by stock analysts at Stephens from an “underweight” rating to an “equal” rating in a report released on Monday, Marketbeat reports.

Several other analysts have also commented on the stock. Citigroup assumed coverage on shares of Discover Financial Services in a research report on Thursday. They issued a “neutral” rating and a $78.00 price objective on the stock. Zacks Investment Research raised shares of Discover Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine lowered shares of Discover Financial Services from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays lowered their price objective on shares of Discover Financial Services from $94.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. Finally, Wells Fargo lowered their price objective on shares of Discover Financial Services from $84.00 to $76.00 and set a “market perform” rating on the stock in a research report on Thursday, March 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $84.88.

How to Become a New Pot Stock Millionaire

Shares of DFS traded up $1.08 during trading hours on Monday, reaching $71.42. 225,902 shares of the stock traded hands, compared to its average volume of 2,264,120. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.51 and a quick ratio of 1.51. Discover Financial Services has a 52 week low of $57.50 and a 52 week high of $81.93. The firm has a market capitalization of $24,953.60, a P/E ratio of 11.95, a PEG ratio of 1.04 and a beta of 1.46.

Discover Financial Services (NYSE:DFS) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $1.85 billion. equities research analysts expect that Discover Financial Services will post 7.65 earnings per share for the current year.

In related news, CEO David W. Nelms sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $79.65, for a total transaction of $2,389,500.00. Following the completion of the transaction, the chief executive officer now owns 1,453,166 shares of the company’s stock, valued at $115,744,671.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Roger C. Hochschild sold 15,259 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $69.70, for a total transaction of $1,063,552.30. Following the completion of the transaction, the chief operating officer now directly owns 717,160 shares of the company’s stock, valued at approximately $49,986,052. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 29,000 shares of company stock valued at $8,670 and have sold 253,675 shares valued at $19,571,644. 0.81% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Americafirst Capital Management LLC purchased a new position in Discover Financial Services in the 3rd quarter worth approximately $140,000. Focused Wealth Management Inc purchased a new position in Discover Financial Services in the 4th quarter worth approximately $177,000. Arbor Investment Advisors LLC purchased a new position in Discover Financial Services in the 4th quarter worth approximately $203,000. Equity Investment Corp purchased a new position in Discover Financial Services in the 4th quarter worth approximately $205,000. Finally, Hunter Associates Investment Management LLC purchased a new position in Discover Financial Services in the 4th quarter worth approximately $215,000. 86.40% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Discover Financial Services (DFS) Lifted to Equal at Stephens” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3343062/discover-financial-services-dfs-raised-to-hold-at-stephens.html.

About Discover Financial Services

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

Receive News & Ratings for Discover Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Discover Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Himax  Given Daily Media Impact Rating of 0.11
Himax Given Daily Media Impact Rating of 0.11
Apellis Pharmaceuticals  Earns Daily Media Impact Rating of 0.13
Apellis Pharmaceuticals Earns Daily Media Impact Rating of 0.13
Camden National Bank  Cut to Hold at BidaskClub
Camden National Bank Cut to Hold at BidaskClub
Broadcom  Cut to “Buy” at Vetr
Broadcom Cut to “Buy” at Vetr
Amazon.com  Earns “Buy” Rating from Goldman Sachs
Amazon.com Earns “Buy” Rating from Goldman Sachs
Agenus  Downgraded by ValuEngine
Agenus Downgraded by ValuEngine


Leave a Reply

© 2006-2018 Ticker Report. Google+.