Discover Financial Services (NYSE:DFS) Upgrade by Deutsche Bank Aktiengesellschaft to “Buy”
Discover financial services (NYSE: SDF) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a research note released on Monday, Target Stock Advisor reports. The company currently has a price target of $145.00 on shares of the financial services provider, up from its previous price target of $140.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 16.80% from the company’s previous close.
DFS has been the subject of several other research reports. Seaport Research Partners upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a price target of $138.00 on the stock in a Tuesday, Nov. 2, report. Seaport Res Ptn upgraded Discover Financial Services from a “neutral” rating to a “buy” rating in a Tuesday, November 2, report. Piper Sandler upgraded Discover Financial Services from a “neutral” rating to an “overweight” rating and raised its price target for the stock from $125.00 to $142.00 in a Monday, January 24 report. They noted that the move was a review call. Morgan Stanley cut its price target on Discover Financial Services from $146.00 to $144.00 and set an “equal weight” rating on the stock in a Tuesday, Feb. 1 report. Finally, Evercore ISI assumed cover for Discover Financial Services in a Friday, January 21 report. They have set a “holding” rating and a price target of $130.00 on the stock. Five equity research analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $139.11.
Shares of NYSE DFS opened at $124.14 on Monday. Discover Financial Services has a 12-month low of $88.66 and a 12-month high of $135.69. The company has a current ratio of 1.09, a quick ratio of 1.24 and a debt ratio of 1.52. The company has a market capitalization of $36.38 billion, a price-earnings ratio of 6.99, a PEG ratio of 0.15 and a beta of 1.64. The company has a 50-day moving average of $118.48 and a two-hundred-day moving average of $121.59.
Discover Financial Services (NYSE:DFS) last released its quarterly results on Wednesday, January 19. The financial services provider reported earnings per share of $3.64 for the quarter, missing the Zacks consensus estimate of $3.68 per ($0.04). Discover Financial Services posted a net margin of 41.22% and a return on equity of 44.64%. The company posted revenue of $2.94 billion in the quarter, versus analyst estimates of $3.02 billion. In the same period a year earlier, the company posted earnings per share of $2.59. Discover Financial Services’ revenues increased 4.0% compared to the same quarter last year. As a group, research analysts predict Discover Financial Services will post 13.98 earnings per share for the current year.
In other Discover Financial Services news, EVP Daniel Peter Capozzi sold 8,649 shares of Discover Financial Services in a trade that took place on Wednesday, February 9. The shares were sold at an average price of $124.59, for a total value of $1,077,578.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. 0.54% of the shares are currently held by insiders of the company.
Institutional investors have recently increased or reduced their stake in the company. Community Bank NA bought a new stock position in Discover Financial Services during Q3 worth $25,000. PSI Advisors LLC bought a new stock position in Discover Financial Services during Q3 for $25,000. Girard Partners Ltd. bought a new stock position in Discover Financial Services during Q3 for $26,000. Benjamin Edwards Inc. bought a new stock position in Discover Financial Services during Q3 for $29,000. Finally, CVA Family Office LLC purchased a new stock position in Discover Financial Services during Q4 for $34,000. Institutional investors and hedge funds hold 84.22% of the company’s shares.
Discover the profile of the financial services company
Discover Financial Services is a holding company that provides direct banking and payment services. It operates through Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals on the Discover network and other consumer products and services, including private student loans, personal loans, home loans and other lending products and consumer deposit.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Discover Financial Services right now?
Before you consider exploring financial services, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Discover Financial Services was not on the list.
Although Discover Financial Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here