Credit Suisse Group Increases Discover Financial Services (DFS) Price Target to $95.00

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.

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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.

Analyst Recommendations for Discover Financial Services (NYSE:DFS)

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