Discover Financial Services (DFS) Given a $95.00 Price Target by Barclays Analysts

Discover Financial Services (NYSE:DFS) has been given a $95.00 price objective by equities researchers at Barclays in a research report issued on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Barclays’ price objective suggests a potential upside of 18.22% from the company’s previous close.

Several other analysts have also commented on the company. BMO Capital Markets decreased their price objective on Discover Financial Services from $69.00 to $67.00 and set a “market perform” rating for the company in a report on Wednesday, October 25th. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, December 18th. Royal Bank of Canada reiterated a “buy” rating and set a $86.00 price objective on shares of Discover Financial Services in a report on Wednesday, October 25th. Zacks Investment Research lowered Discover Financial Services from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Wells Fargo & Co initiated coverage on Discover Financial Services in a report on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Discover Financial Services has an average rating of “Buy” and a consensus target price of $80.76.

Shares of Discover Financial Services (DFS) traded up $0.89 on Friday, hitting $80.36. The stock had a trading volume of 1,951,000 shares, compared to its average volume of 2,148,850. Discover Financial Services has a 12-month low of $57.50 and a 12-month high of $80.38. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $29,200.00, a price-to-earnings ratio of 13.83, a PEG ratio of 1.80 and a beta of 1.52.

In other news, CEO David W. Nelms sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.74, for a total transaction of $2,302,200.00. Following the sale, the chief executive officer now directly owns 1,409,912 shares in the company, valued at approximately $108,196,646.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $76.78, for a total value of $1,171,509.24. Following the sale, the chief operating officer now owns 723,666 shares in the company, valued at $55,563,075.48. The disclosure for this sale can be found here. Insiders have sold a total of 179,277 shares of company stock worth $12,673,925 over the last 90 days. Insiders own 0.96% of the company’s stock.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Discover Financial Services by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 25,748,479 shares of the financial services provider’s stock worth $1,601,297,000 after buying an additional 217,535 shares during the last quarter. Boston Partners raised its position in shares of Discover Financial Services by 4.6% during the 3rd quarter. Boston Partners now owns 12,187,219 shares of the financial services provider’s stock valued at $785,833,000 after buying an additional 538,244 shares during the period. Capital World Investors raised its position in shares of Discover Financial Services by 18.3% during the 2nd quarter. Capital World Investors now owns 10,578,342 shares of the financial services provider’s stock valued at $657,867,000 after buying an additional 1,638,334 shares during the period. FMR LLC raised its position in shares of Discover Financial Services by 17.4% during the 2nd quarter. FMR LLC now owns 10,374,397 shares of the financial services provider’s stock valued at $645,184,000 after buying an additional 1,534,882 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Discover Financial Services by 97.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,035,035 shares of the financial services provider’s stock valued at $453,619,000 after buying an additional 3,475,126 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.

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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)

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