Discover Financial Services (NYSE:DFS) had its target price increased by equities researchers at Credit Suisse Group from $91.00 to $95.00 in a research report issued on Thursday, January 25th. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 25.08% from the company’s previous close.
Several other equities research analysts also recently commented on DFS. Buckingham Research assumed coverage on Discover Financial Services in a report on Monday, October 2nd. They set a “buy” rating and a $74.00 price target on the stock. Wells Fargo & Co assumed coverage on Discover Financial Services in a report on Tuesday, October 10th. They set a “market perform” rating and a $69.00 price target on the stock. Zacks Investment Research downgraded Discover Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Oppenheimer set a $71.00 price objective on Discover Financial Services and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, Compass Point cut Discover Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Discover Financial Services presently has an average rating of “Buy” and an average target price of $85.61.
Shares of Discover Financial Services (NYSE:DFS) opened at $75.95 on Thursday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.08. Discover Financial Services has a 1 year low of $57.50 and a 1 year high of $81.93. The firm has a market capitalization of $26,930.14, a P/E ratio of 12.41, a P/E/G ratio of 1.21 and a beta of 1.54.
In other news, SVP Daniel Peter Capozzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $79.97, for a total value of $399,850.00. Following the completion of the sale, the senior vice president now directly owns 23,977 shares of the company’s stock, valued at approximately $1,917,440.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn Mcnamara Corley sold 37,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $80.08, for a total value of $2,962,960.00. Following the completion of the sale, the executive vice president now directly owns 147,770 shares of the company’s stock, valued at $11,833,421.60. The disclosure for this sale can be found here. In the last ninety days, insiders bought 55,000 shares of company stock valued at $16,300 and sold 242,673 shares valued at $18,685,542. Corporate insiders own 0.96% of the company’s stock.
Large investors have recently bought and sold shares of the company. Grove Bank & Trust raised its holdings in shares of Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,490 shares during the period. Rational Advisors LLC purchased a new stake in shares of Discover Financial Services in the third quarter worth approximately $123,000. Americafirst Capital Management LLC purchased a new stake in shares of Discover Financial Services in the third quarter worth approximately $140,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of Discover Financial Services in the second quarter worth approximately $157,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of Discover Financial Services in the second quarter worth approximately $170,000. 84.46% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This article was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/13/discover-financial-services-dfs-pt-raised-to-95-00-at-credit-suisse-group.html.
Discover Financial Services Company Profile
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.
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.