Oppenheimer Analysts Give Discover Financial Services (DFS) a $82.00 Price Target

Oppenheimer set a $82.00 price target on Discover Financial Services (NYSE:DFS) in a report released on Thursday. The brokerage currently has a buy rating on the financial services provider’s stock.

DFS has been the subject of a number of other reports. Zacks Investment Research cut shares of Discover Financial Services from a buy rating to a hold rating in a research report on Tuesday, March 6th. Barclays set a $95.00 price objective on shares of Discover Financial Services and gave the company a buy rating in a research report on Friday, January 12th. Bank of America raised shares of Discover Financial Services from a neutral rating to a buy rating and set a $83.00 price objective for the company in a research report on Monday, December 18th. UBS initiated coverage on shares of Discover Financial Services in a research report on Tuesday, March 27th. They issued a sell rating and a $70.00 price objective for the company. Finally, Deutsche Bank initiated coverage on shares of Discover Financial Services in a research report on Tuesday, January 2nd. They issued a buy rating and a $92.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $84.65.

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NYSE:DFS opened at $70.54 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $25,404.14, a price-to-earnings ratio of 11.80, a PEG ratio of 0.70 and a beta of 1.46. Discover Financial Services has a 1-year low of $57.50 and a 1-year high of $81.93.

Discover Financial Services (NYSE:DFS) last posted its quarterly earnings data 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. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Discover Financial Services had a net margin of 17.95% and a return on equity of 21.49%. sell-side analysts expect that Discover Financial Services will post 7.67 earnings per share for the current fiscal year.

In related news, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $80.28, for a total transaction of $1,224,912.24. Following the sale, the chief operating officer now owns 742,761 shares in the company, valued at $59,628,853.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Daniel Peter Capozzi sold 5,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $79.97, for a total transaction of $399,850.00. Following the sale, the senior vice president now owns 23,977 shares in the company, valued at approximately $1,917,440.69. The disclosure for this sale can be found here. In the last 90 days, insiders bought 29,000 shares of company stock worth $8,670 and sold 253,675 shares worth $19,571,644. Corporate insiders own 0.81% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in Discover Financial Services by 3.5% during the fourth quarter. LSV Asset Management now owns 6,898,150 shares of the financial services provider’s stock worth $530,605,000 after acquiring an additional 234,467 shares during the period. Bessemer Group Inc. raised its stake in Discover Financial Services by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 3,836,438 shares of the financial services provider’s stock worth $295,099,000 after acquiring an additional 159,496 shares during the period. Eaton Vance Management raised its stake in Discover Financial Services by 18.6% during the fourth quarter. Eaton Vance Management now owns 2,782,209 shares of the financial services provider’s stock worth $214,007,000 after acquiring an additional 436,199 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in Discover Financial Services by 273.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,509,493 shares of the financial services provider’s stock worth $193,030,000 after acquiring an additional 1,837,913 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Discover Financial Services by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,991,742 shares of the financial services provider’s stock worth $152,901,000 after acquiring an additional 20,388 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.

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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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