Check Out Financial Services (NYSE:DFS) With New Price Target Of $132.00 At Piper Sandler


Discover Financial Services (NYSE: DFS) had its target price raised by analysts at Piper Sandler to $132.00 in a research note released Friday to investors, Stock Target Advisor reports. Piper Sandler’s target price indicates a potential upside of 32.00% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Citigroup cut shares of Discover Financial Services from a “buy” rating to a “neutral” rating and lowered its price target for the company from $140.00 to $115.00 in a research report on Friday. Barclays cut its price target on shares of Discover Financial Services from $140.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley cut its price target on shares of Discover Financial Services from $111.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Friday. Wolfe Research downgraded shares of Discover Financial Services from an “outperform” rating to a “peer performer” rating and set a price target of $97.00 for the stock. in a research report on Thursday, May 12. Finally, Wells Fargo & Company cut its price target on Discover Financial Services shares from $130.00 to $103.00 and set an “equal weight” rating on the stock in a Wednesday research report. July 13. Seven analysts gave the stock a hold rating and nine gave the stock a buy rating. Based on data from MarketBeat.com, Discover Financial Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.07.

See how financial services stocks are performing

NYSE DFS opened at $100.00 on Friday. The company has a market capitalization of $28.10 billion, a price/earnings ratio of 6.51, a PEG ratio of 0.23 and a beta of 1.48. Discover Financial Services has a 12-month low of $88.02 and a 12-month high of $135.69. The stock has a fifty-day simple moving average of $102.15 and a 200-day simple moving average of $110.92. The company has a quick ratio of 1.26, a current ratio of 1.09 and a debt ratio of 1.38.

Discover Financial Services (NYSE:DFS – Get Rating) last released its quarterly earnings data on Wednesday, July 20. The financial services provider reported earnings per share of $3.96 for the quarter, beating analyst consensus estimates of $3.77 by $0.19. The company posted revenue of $3.22 billion in the quarter, versus a consensus estimate of $3.18 billion. Discover Financial Services recorded a return on equity of 35.59% and a net margin of 34.89%. Discover Financial Services’ quarterly revenue was down 9.9% year-over-year. In the same period a year earlier, the company posted earnings of $5.55 per share. Sell-side analysts expect Discover Financial Services to post EPS of 14.93 for the current year.

Institutional investors weigh in on Discover Financial Services

Institutional investors and hedge funds have recently changed their positions in the company. Tyler Stone Wealth Management acquired a new stake in shares of Discover Financial Services in Q4 for a value of approximately $27,000. GHE LLC purchased a new stake in Discover Financial Services in Q2, valued at approximately $33,000. CVA Family Office LLC acquired a new stake in Discover Financial Services in Q4, valued at approximately $34,000. Widmann Financial Services Inc. acquired a new stake in Discover Financial Services in Q4 worth approximately $35,000. Finally, Bellwether Advisors LLC acquired a new stake in Discover Financial Services in Q4, valued at approximately $37,000. Institutional investors and hedge funds hold 85.53% of the company’s shares.

About Explore Financial Services

(Get a rating)

Discover Financial Services, through its subsidiaries, provides digital banking products and services and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans and other consumer loans; and direct-to-consumer deposit products including savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings and checking accounts, and money transfer accounts.

Featured Articles

Stock Target Advisor Logo

Analyst Recommendations for Discover Financial Services (NYSE: DFS)



Receive news and reviews for Discover Financial Services Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Discover Financial Services and related companies with MarketBeat.com’s FREE daily newsletter.

.

Leave a Comment